Overview
- The currency slipped past 91 per dollar for the second time in a month before ending provisionally at 90.92, down 14 paise on Monday.
- An early-session rebound to 90.66 on a softer dollar faded as selling in domestic equities and corporate dollar demand gathered pace.
- The close was just one paise above the rupee’s record low finishing level of 90.93, with traders bracing for continued volatility.
- The dollar index was lower near 98.97, while Brent crude futures eased to about USD 63.53 per barrel in late trade.
- Foreign institutional investors sold Rs 4,346.13 crore of equities on Friday, and the Sensex and Nifty later closed down at 83,246.18 and 25,585.50 as sentiment stayed weak.