The Sensex and Nifty moved lower in early trade today. The Sensex was down nearly 40 points at 38,684 while Nifty fell 20 points to 11,672. The rupee hit a fresh low of 70.82 against the US dollar today, continuing its slide against the greenback. The rupee had closed at 70.59 against the US dollar on Wednesday. Month-end dollar demand from importers and a slide in other Asian currencies weighed on the rupee. In recent trade, the rupee was off its day’s low and was trading at 70.68 against the US dollar. So far this year, the rupee has weakened 9.76% against the US dollar, weighed down by outflows from debt markets. Foreign investors have sold $256.45 million and $7.96 billion in equity and debt markets.
Source- https://www.livemint.com/
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