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Rupee Falls 18 paise to close at New low of 79.03 against US Dollar

Published on June 30, 2022
Current Context: Rupee Depreciated 18 paise to close at a record low of 79.03 against the US dollar due to persistent foreign capital outflows and a surge in crude oil prices.
Rupee Falls 18 paise to close at New low of 79.03 against US Dollar
  • At the Interbank foreign exchange market, the rupee opened lower at 78.86 against the greenback and finally settled at 79.03.
  • The main reason behind it as Foreign institutional investors were net sellers in the capital market but they offloaded shares worth Rs 1,244.44 crore.
  • Global oil benchmark Brent crude futures advanced 0.34% to $118.38 per barrel.
  • The rupee is also depreciated due to risk-averse sentiments and weaker regional currencies.
  • Apart from that, the domestic unit has lost 1.97% and maintained at 6.39% since the beginning of this year compared to earlier.

Question:

Q.1 As per Stock Exchange data, Foreign institutional investors How much worth of the shares are offloaded from the Stock Market?
a. 959 crore
b. 861 crore
c. 1,244.44 crore
d. 1122.07 crore
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