Rupee Rises 37 Paise Against Dollar, Sensex Falls 141 Points
New Delhi: The Indian Rupee on Tuesday surged by 37 Paise to 71.19 against US Dollar during early trade at the interbank foreign exchange as crude oil prices fell to a 14-month low.
The domestic unit registered appreciation because of increased dollar selling by exporters and banks besides weakening of the American currency against overseas currencies ahead of US Federal Reserve Monetary Policy Decision.
At the interbank forex market, the domestic unit started at 71.34 and appreciated further by 37 paise at 71.19 against the US Dollar.
Meanwhile, Brent Crude, the international benchmark dropped by 1.22% to 14-month low of $58.85 barrel.
Furthermore, the 30-share Benchmark BSE Sensex fell by 140.51 points in the opening trade. Nifty also fell 47.50 points or 0.44 percent to 10,840.85.
Infosys emerged as a major loser followed by Yes Bank, HDFC Ltd, ICICI Bank, HUL, IndusInd Bank, Adani Ports, TCS, ONGC, ITC Ltd, Axis Bank, Maruti Suzuki, SBI, RIL, Coal India and Asian Paints.
However, Tata Motors, M&M, Bajaj Auto, Sun Pharma, L&T, Hero MotorCorp and Bharti Airtel were trading high.
Meanwhile, FMCG, Healthcare, Banking and Consumer Durables also fell by 0.35 percent as profit-making emerged in these sectors.