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The Rupee Starts With Weak Notes, War Tracking, Higher Oil And Lower Equities


The rupee started on a weak note, tracking war, higher oil and lower equities

The rupee started at a weak level, tracking the Russo-Ukrainian war, lower equities and higher oil prices, which rose more than 3 percent to over $ 111 a barrel following supply concerns.

Earlier this week, the rupee closed 0.4 percent weaker at 76.15 against the dollar.

Reuters quoted the rupee at 76.12 a dollar on Monday, while PTI reported that the currency slipped 31 paise to close at 76.15 temporarily.

On interbank foreign exchange, the rupee opened at 76.08 against the US dollar, after closing at 75.84 on Thursday.

The Indian market is closed on Friday due to the ‘Holi’ festival.

Domestic bourses closed in the red on Monday, as financial markets prepared for more turmoil this week as the Russia-Ukraine conflict showed little signs of abating.

Agrasmartcity

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