PTI
Mumbai, August 29
The rupee depreciated 31 paise to an all-time low of 80.15 against the US dollar in early trade on Monday tracking the strength of the American currency and firm crude oil prices.
At the interbank foreign exchange, the rupee opened at 80.10 against the dollar, then lost ground to quote at 80.15, registering a fall of 31 paise from the last close.
On Friday, the rupee closed at 79.84 against the dollar.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.51 per cent higher at 109.35.
Forex traders said the dollar index gained after Federal Reserve Chair Jerome Powell adopted a hawkish tone to battling inflation.
Global oil benchmark Brent crude futures advanced 0.86 per cent to USD 101.86 per barrel.
On the domestic equity market front, the 30-share Sensex was trading 966.68 points or 1.64 per cent lower at 57,867.19, while the broader NSE Nifty fell 283.90 points or 1.62 per cent to 17,275.00.
Foreign institutional investors were net sellers in the capital market on Friday as they offloaded shares worth Rs 51.12 crore, as per stock exchange data.
(This story has not been checked by JK Mega and is auto-generated from other sources)