The Rupee continues decline hits a new record touch low on Thursday, falling past 65 to a dollars, continuing its sharp slide among rising market currencies after the Federal Reserve minutes intimation that the United States may start pointed its stimulus as early as next month.
The Indian rupee fells to as low 65.04 against dollars, and previous low of closed 64.5450 hits on Wednesday. The Interbank Foreign Exchange market on heavy demand for the US currency from bank and importers amid the weak opening in the domestic equity market.
10:30 Am, The BSE Sensex is up 41.56 points or 0.23% at 17947.47, it was touch a high levels 18007.27 and touch a low levels of 17759.59.
The NSE Nifty is 7.70 points or 0.15% up at 5310.25, it was touch a high levels of 5333.20 and touch a low levels of 5254.05.
BSE Market mover and losers:-
Movers:- Hind.zinc 5.99%, Gitanjali Gems 4.94%, ONGC 4.59%, Tata steel 4.56%, Adani power 3.46%, Sesa Goa 3.24%, JSW Steel 2.92%, Tata motors 2.40%.
Losers:- Sobha developers 6.10%, Yes bank 4.97%, Shriram Trans 4.93%, DLF 4.81%, Fedral bank 3.82%, Maruti Suzuki 3.77%, HDFC bank 2.00%, M&M 1.92%.
On Wednesday,the rupee touched a new low of 64.62 losing almost 8% since RBI started modification liquidity in mid-July, before closing at 64.11/12 paise lower from its early closed. Bonds and stocks gave up gains as the rupee fell amid half-hearted dollar-selling by RBI.