Indian rupee down 5 paise at 66.82 against US dollar in early trade
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Indian rupee opened weak, down 5 paise at 66.82 against the US dollar at Interbank Foreign Exchange (Forex) market on Monday after US dollar strengthened on stronger-than-expected US jobs growth data, which hinted at US Federal Reserve going for an interest rate hike next year. The local currency was trading 4 paise down at 66.81 against American currency. It had closed at 66.77 level on Friday vs US dollar. Domestic equity markets firm opening capped the rupee’s fall. At 9.45 am, Sensex was trading 123.54 points up at 28,201.89, while NSE Nifty was trading 20.70 points up at 8,703.85.
Fresh demand from bankers and importers also helped the US dollar gain. It was also performing firm against other emerging market currencies on the jobs data. Non-farm payrolls rose by 255,000 jobs in July, while payroll growth in June was also revised up to 292,000, with hiring across sectors in the economy.
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Voters queued outside polling stations to cast their votes in a single-phase Assembly election.
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JNPA described the development as notable in the backdrop of the war involving Iran, the United States and Israel.
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Prime Minister Narendra Modi on Thursday appealed to the people of Assam, Kerala and Puducherry to exercise their franchise in large numbers in the assembly elections in the two states and the Union Territory.
In separate messages in English, besides Assamese, Malayalam and Tamil -- the regional languages of Assam, Kerala and Puducherry respectively -- PM Modi particularly requested the youth and the women to step forward and vote in large numbers.
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Israeli Prime Minister Benjamin Netanyahu on Wednesday said the two-week ceasefire in the fight against Iran was "not the end of the war" but a "stop on the way", as he vowed to achieve all war objectives, including the issue of Tehran's enriched uranium.
The US and Iran earlier agreed on a conditional two-week ceasefire that included the opening of the Strait of Hormuz for shipping.
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