Rupee drops 9 paise to hit lifetime low of 79.90 against US dollar
Mumbai(PTI): The rupee declined by 9 paise to settle at a new record low of 79.90 against the US currency on Thursday due to a firm US dollar in overseas markets and capital outflows.
A decline in crude oil prices in the international markets, however, restricted the rupee losses, forex dealers said.
At the interbank foreign exchange market, the local currency opened strong at 79.72 and witnessed an intra-day high of 79.71 and a low of 79.92 against the US dollar in the day trade.
The local unit finally settled at 79.90 a dollar, down 9 paise over its previous close.
The rupee pared its early gains as the US dollar continued to gain against a basket of leading global currencies in early European trade. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.37 per cent up at 108.36.
Brent crude futures, the global oil benchmark, dropped 2.20 per cent to USD 97.38 per barrel.
On the domestic equity market front, the BSE Sensex ended 98 points or 0.18 per cent lower at 53,416.15, while the broader NSE Nifty declined 28.00 points or 0.18 per cent to 15,938.65.
Foreign institutional investors were net sellers in the capital market on Thursday, as they offloaded shares worth Rs 2,839.52 crore, as per exchange data.
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New Zealand crush Sri Lanka by 61 runs in T20 World Cup Super Eights tie
Colombo (PTI): Rachin Ravindra claimed 4/27 as New Zealand crushed Sri Lanka by 61 runs in their Group 2 Super Eights clash of the T20 World Cup here on Wednesday.
With the win, New Zealand took a big step towards the semifinals. Sri Lanka were knocked out, though they still have one match to play.
Chasing 169, Sri Lanka made a terrible start to crawl to 20 for two in the powerplay and failed to gain any momentum.
Ravindra then ran through the brittle Lankan middle order to help the Kiwis limit the co-hosts for a paltry 107/8.
Earlier, skipper Mitchell Santner (47) and Cole McConchie (31 not out) led New Zealand's fightback after middle-order collapse as the Kiwis posted 168/7.
New Zealand suffered a batting collapse as they slipped from 75/2 to 84/6 during which they also lost three wickets without adding a run.
Brief Scores:
New Zealand: 168 for 7 in 20 overs (Rachin Ravindra 32, Mitchell Santner 47, Cole McConchie 31 not out; Maheesh Theekshana 3/30).
Sri Lanka: 107 for 8 in 20 overs (Kamindu Mendis 31; Matt Henry 2/3, Rachin Ravindra 4/27).
