Rupee falls for the fifth consecutive day, breaks 22 paise further against the dollar

The rupee on Monday lost 22 paise to close at 75.58 (provisional) against the US dollar. Amid global tensions over Ukraine, investors are preferring to invest in safe assets, which affected the rupee.

According to forex traders, a softening trend in the domestic equity markets and rise in crude oil prices also affected the domestic currency adversely.

The rupee opened at 75.53 against the dollar in the interbank foreign exchange market and went up to 75.37 in high and 75.64 in low during trading.

In the end, it closed at 75.58 last week, losing 22 paise against Friday’s closing price. This is the fifth consecutive trading session when the rupee has depreciated.

On Friday, the rupee had lost 21 paise to close at 75.36.

Meanwhile, the dollar index, indicating the strength of the US currency against the six currencies, rose 0.13 per cent to 96.21.

The 30-share BSE Sensex closed at 56,405.84, down 1,747.05 points, or three per cent.

Global oil standard Brent crude futures fell 0.35 per cent to $94.11 per barrel.