Rupee Slumps 29 Paise to 73.32 Against US Dollar in Early Trade Tracking Muted Domestic Equities

Forex traders said strong dollar and muted domestic equities weighed on investor sentiment. However, sustained foreign fund inflows supported the rupee and restricted the decline. On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 71.54 points higher at 39,157.57 and broader NSE Nifty gained 30 points to 11,565.00.

Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 990.57 crore on Wednesday, according to provisional exchange data. Brent crude futures, the global oil benchmark, fell 0.07 per cent to USD 44.40 per barrel.

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