<p>Mumbai: The rupee depreciated 11 paise to 83.32 against the US dollar in the morning session on Tuesday, tracking a negative trend in domestic equities and the strength of the American currency in the overseas market.</p><p> Forex traders said foreign fund outflows and dollar demand from importers weighed on investor sentiments.</p><p>At the interbank foreign exchange, the rupee opened at 83.28 against the dollar, then fell to 83.32, registering a fall of 11 paise over its previous close.</p><p> On Monday, the rupee depreciated by 5 paise to 83.21 against the US dollar, in the first trading session of the year 2024.</p>.Equity market falls in early trade; Sensex slides 300 points. <p> "The USDINR pair is expected to remain in the range 83.15-83.40 with 83.40 being a near-term top for the pair as the Reserve Bank of India (RBI) continues to keep a strong presence in the movement of the pair," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.</p><p> Meanwhile, Brent crude futures, the global oil benchmark, was trading higher by 1.60 per cent to $78.27 per barrel.</p><p> The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.20 per cent higher at 101.53.</p><p> In the domestic equity market, the 30-share BSE Sensex was trading 76.56 points or 0.11 per cent lower at 72,195.38 points. The broader NSE Nifty fell 4.85 points or 0.02 per cent to 21,737.05 points.</p><p> Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Monday as they offloaded shares worth Rs 855.80 crore, according to exchange data.</p><p> On the domestic macroeconomic front, GST collections rose 10 per cent to about Rs 1.64 lakh crore in December compared to Rs 1.49 lakh crore in the same month a year ago.</p><p> During April-December 2023, gross Goods and Services Tax (GST) collection witnessed a robust 12 per cent growth, reaching Rs 14.97 lakh crore against Rs 13.40 lakh crore mopped up in the same period of the previous year, the finance ministry said in a statement on Monday. </p>
<p>Mumbai: The rupee depreciated 11 paise to 83.32 against the US dollar in the morning session on Tuesday, tracking a negative trend in domestic equities and the strength of the American currency in the overseas market.</p><p> Forex traders said foreign fund outflows and dollar demand from importers weighed on investor sentiments.</p><p>At the interbank foreign exchange, the rupee opened at 83.28 against the dollar, then fell to 83.32, registering a fall of 11 paise over its previous close.</p><p> On Monday, the rupee depreciated by 5 paise to 83.21 against the US dollar, in the first trading session of the year 2024.</p>.Equity market falls in early trade; Sensex slides 300 points. <p> "The USDINR pair is expected to remain in the range 83.15-83.40 with 83.40 being a near-term top for the pair as the Reserve Bank of India (RBI) continues to keep a strong presence in the movement of the pair," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.</p><p> Meanwhile, Brent crude futures, the global oil benchmark, was trading higher by 1.60 per cent to $78.27 per barrel.</p><p> The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.20 per cent higher at 101.53.</p><p> In the domestic equity market, the 30-share BSE Sensex was trading 76.56 points or 0.11 per cent lower at 72,195.38 points. The broader NSE Nifty fell 4.85 points or 0.02 per cent to 21,737.05 points.</p><p> Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Monday as they offloaded shares worth Rs 855.80 crore, according to exchange data.</p><p> On the domestic macroeconomic front, GST collections rose 10 per cent to about Rs 1.64 lakh crore in December compared to Rs 1.49 lakh crore in the same month a year ago.</p><p> During April-December 2023, gross Goods and Services Tax (GST) collection witnessed a robust 12 per cent growth, reaching Rs 14.97 lakh crore against Rs 13.40 lakh crore mopped up in the same period of the previous year, the finance ministry said in a statement on Monday. </p>