Rupee lowers 12 paise against US dollar

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New Delhi: Indian rupee on Friday decline 12 paise to Rs 64.20 against dollar on account of buying of American currency by banks and importers amid growing geopolitical tensions. On Thursday the local currency decreased 24 paise to Rs 64.05 against the US dollar.

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The BSE Sensex plunged over 305 points, or 0.97 per cent, downward at 31,225, whereas NSE Nifty index commenced 96 points, or 1 per cent, downward at 9,724. On Thursday the RBI fixed the reference rate for the dollar to 63.9437 and for the euro at 75.0635.

Foreign portfolio investors net sellers in domestic equity marketplace and sold shares worth Rs 428.74 crore with gross purchases and gross sales of Rs 3,644.31 and Rs 4,073.05 crore, correspondingly.

Administration bonds concluded lower for a fourth day, as fresh supply from an open market sale of debt and Thursday’s weekly auction weighed on investor sentiment.

The Global benchmark 6.79% 2027 bond yield grew to 6.49 per cent in the preceding session.

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