On Friday, the rupee declined 18 paise to settle at 86. 04 against the US dollar.Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading up 0. 22 per cent to its over two-year-high level of 109. 72.The 10-year US bond yields remained elevated touching its October 2023 level at 4. 76 per cent.Brent crude, the global oil benchmark, surged 1. 44 per cent to USD 80. 91 per barrel in futures trade.In the domestic equity market, the 30-share BSE Sensex was trading 550. 49 points, or 0. 71 per cent, lower at 76,828. 42 points, while the Nifty was down 182. 45 points, or 0. 78 per cent, at 23,249. 05 points.Foreign institutional investors (FIIs) offloaded Rs 2,254. 68 crore in the capital markets on a net basis on Friday, according to exchange data.The Reserve Bank of India on Friday said the country’s forex reserves dropped by USD 5. 693 billion to USD 634. 585 billion in the week ended January 3.The latest government data released on Friday, however, showed the industrial production (IIP) growth accelerated to a six-month high of 5. 2 per cent year-on-year in November 2024, riding on the increased festive demand and pick-up in the manufacturing sector.
Source link
