INSUBCONTINENT EXCLUSIVE:
Brent unrefined futures advanced 2.54 per cent to $71.44 per barrel.The rupee decreased 14 paise to close at 75.16 (provisional) against the
United States dollar, tracking massive sell-offs in domestic equities amidst growing worries over the new COVID variation
At the interbank forex market, the local unit opened at 74.98 and registered an intra-day high of 74.95 and a low of 75.18 versus the
greenback in a unstable trading session.The local unit finally settled at 75.16 a dollar, down 14 paise over its previous close
The dollar index, which gauges the greenback's strength against a basket of 6 currencies, was trading 0.06 per cent up at 96.21
On the domestic equity market front, the BSE Sensex ended 764.83 points or 1.31 percent lower at 57,696.46, while the broader NSE Nifty
slipped 204.95 points or 1.18 percent to 17,196.70
The rupee has been under pressure over the last few trading sessions as the detection of the brand-new coronavirus alternative Omicron
re-ignited growth issues and injure risk cravings
Besides, unabated foreign fund outflows weighed on investor beliefs, according to traders.According to exchange data, the foreign
institutional investors were net sellers in the capital market on December 2 as they offloaded shares worth Rs 909.71 crore
Meanwhile, Brent crude futures, the worldwide oil criteria, advanced 2.54 percent to $71.44 per barrel.
