Rupee falls 7 paise to all-time low of 80.05 against US dollar in early trade
Mumbai, Jul 19: The rupee depreciated 7 paise to an all-time low of 80.05 against the US dollar in early trade on Tuesday tracking the strength of the American currency and firm crude oil prices.
At the interbank foreign exchange, the rupee opened at 80 against the American dollar, then lost ground to quote at 80.05, registering a fall of 7 paise from the last close.
In initial trade, the local unit also touched 79.90 against the American currency.
On Monday, the rupee for the first time declined to the low level of 80 against the US dollar in intra-day spot trading before ending the session 16 paise lower at 79.98 amid a surge in crude oil prices and unrelenting foreign fund outflows.
The rupee opened on a weaker note on Tuesday morning weighed down by outflows and high oil prices, Sriram Iyer, Senior Research Analyst at Reliance Securities said, adding that lack of intervention from the Reserve Bank of India (RBI) could also weigh on sentiments.
According to Iyer, the range for the USD/INR pair for Tuesday's session is 79.75-80.12.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.12 per cent higher at 107.49.
Global oil benchmark Brent crude futures fell 0.35 per cent to USD 105.90 per barrel.
On the domestic equity market front, the 30-share Sensex was trading 86.4 points or 0.16 per cent lower at 54,434.75, while the broader NSE Nifty fell 26.75 points or 0.16 per cent to 16,251.75.
Foreign institutional investors were net buyers in the capital market on Monday as they purchased shares worth Rs 156.08 crore, as per stock exchange data.
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Patna-bound IndiGo flight makes emergency landing at Lucknow due to bad weather
Lucknow (PTI): Adverse weather forced an IndiGo Kolkata-Patna flight to make an emergency landing at Lucknow airport on Friday, airport sources said.
According to airport officials, weather conditions in Patna deteriorated suddenly on Friday afternoon, affecting flight operations.
IndiGo flight 6E 6917 from Kolkata, which was scheduled to land in Patna at 3.50 pm, could not land due to bad weather and kept circling in the air after failing to get clearance from air traffic control, they said.
The flight was later diverted to Lucknow and landed safely at the Chaudhary Charan Singh International Airport at around 5.15 pm. There were 180 passengers and six crew members on board, officials said.
The aircraft was later allowed to depart for Patna after weather conditions improved.
