Benchmark indices face first weekly decline, steepest in 20 weeks
Sensex and Nifty faced their first weekly decline after four weeks of gains on Friday. The Sensex dropped to a low of 72,485 while the NSE Nifty 50 dipped to a low of 21,932.
The Rupee advanced by 11 paise to 64.32 against the US Dollar on Monday as selling of the American currency by exporters and banks paced up.
What also made the domestic unit come good was a higher opening of stocks. But the Dollar held up against the yen and other currencies overseas, which limited the Rupee's upmove.
On 17 June, the Rupee had closed higher by 10 paise at 64.43 against the US Dollar, taking cues from encouraging export numbers for May.
Advertisement
Meanwhile, the benchmark BSE Sensex bounced 146.23 points, or 0.47 per cent, to 31,202.63 in early trade.
Advertisement
