Rupee settles 4 paise lower at 73.11 against US dollar

 Snapping the six-meeting series of wins, the rupee devalued by 4 paise to settle at 73.11 (temporary) against the US dollar on the principal exchanging day of the New Year on Friday. 

At the interbank forex market, the homegrown unit opened at 73.09 against the US dollar and saw an intra-day high of 73.02 and a low of 73.11. 

The nearby unit at long last settled at 73.11, enrolling a fall of 4 paise over its past close. On Thursday, the rupee erupted 24 paise to end at an almost four-month high of 73.07 against the US dollar. 

Forex brokers said the energy for the cash is probably going to remain low as no major financial information is required to deliver on the homegrown just as on the worldwide front. Then, the dollar list, which measures the greenback's solidarity against a crate of six monetary forms, rose 0.29 percent to 89.93. 

On the homegrown value market front, the BSE Sensex finished 117.65 focuses or 0.25 percent higher at 47,868.98, while the more extensive NSE Nifty progressed 36.75 focuses to 14,018.50. Unfamiliar institutional speculators were net purchasers in the capital market as they bought shares worth Rs 1,135.59 crore on a net premise on Thursday, as per temporary trade information. 

Close Brent unrefined fates, the worldwide oil benchmark, progressed 0.33 percent to USD 51.80 per barrel.

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