Key equity indices open flat; rupee at record low

Key equity indices open flat; rupee at record low

MUMBAI: In a major development on the currency front, the Indian rupee touched a fresh all-time low of 69.12 per US dollar.

The reason behind such a fall was a fresh 52-week surge in US dollar after the Federal chief’s testimony in front of the US Senate assured hikes in interest rates.

Previously on June 28, the Indian Rupee (INR) touched an all-time low against the US dollar at 68.89 per dollar, after it closed at 68.61 on June 27.

The key Indian equity indices opened on a flat note on Friday.

At 9.32 a.m., the broader Nifty50 of the National Stock Exchange (NSE) traded at 10,962.75 points — higher by 5.65 points or 0.05 per cent — from its previous close of 10,957.10 points.

The barometer 30-scrip Sensitive Index (Sensex) on the BSE, which had opened at 36,377.03 points, traded at 36,371.99 points (9.32 a.m.) — up by 20.76 points or 0.06 per cent — from its previous session’s close of 36,351.23 points.

Sensex has so far touched a high of 36,428.19 points and a low of 36,335.61 points during the intra-day trade. The BSE market breadth was slightly tilted towards the bears with 714 declines and 597 advances.

IANS/ANI inputs