5 Things To Know About Rupee's Fall Today:
Weighing on the rupee, India's December trade deficit widened to its highest in more than three years as higher import bills for gold and crude oil weighed on rising exports, government data showed on Monday.
The trade deficit widened to $14.88 billion last month from $13.83 billion in November, according to data released from the Ministry of Commerce and Industry yesterday.
"A struggling dollar overseas somewhat was cushioning the rupee's larger losses," a dealer said.
Domestic equity markets struggled today with both Sensex and Nifty ending lower. Broader markets suffered big losses. Foreign Portfolio Investors (FPIs) bought shares worth net Rs 32.92 crore on Monday while domestic institutional investors sold shares worth Rs 173.28 crore. (With agency inputs)
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