The rupee fell 36 paise to cross the 91 level against the US dollar for the first time during Tuesday’s trading due to the lack of success in the Indo-US trade agreement and continued outflow of foreign capital. The rupee fell from 90 to 91 against the dollar in the last 10 trading sessions. It has fallen one percent against the dollar in the last five sessions.
The rupee was trading at 91.14 against the US dollar at 12:50 am, down 36 paise from its previous close. In the interbank foreign exchange market, the rupee opened at 90.87 against the US dollar and continued to depreciate as the session progressed. The rupee fell by 29 paise on Monday to close at an all-time low of 90.78 against the US dollar.
Meanwhile, the dollar index, which shows the position of the US dollar against six major currencies, was down 0.03 percent at 98.27. On the domestic stock market front, the Sensex fell 363.92 points to 84,849.44 points in early trade while the Nifty slipped 106.65 points to 25,920.65 points. Brent crude, the international benchmark, was down 0.61 percent at $60.19 per barrel. According to stock market data, Foreign Institutional Investors (FIIs) were on the selling side on Monday and sold shares worth Rs 1,468.32 crore net.