MUMBAI : The Indian rupee depreciated 24 pounds to close at 79.80 against the US dollar on Friday, ending the week on the weak word.
In the international interbank exchange market, the rupee closed at 79.80, against 79.56 against the US dollar.
“Traded rupee combined varies during the week between 79.25 -79.95 The week closed on a flat but broadly weak word as the US Dollar Index and FII added stress resistance to the rupee while the depreciation of crude oil Efficiency of the household sector along with the upbeat momentum of the banks helped the rupee,” said Jatin Trivedi, Vice President of Analysis. Analyst at LKP Securities.
The Greenback Index, which measures the dollar's strength against a basket of six major currencies, was at 109.273.
The cost of Brent crude was $94.25 per barrel at the closing hours of the Indian market.
Meanwhile, the Sensex finished 36.74 factors or 0.06 percent higher and Nifty finished 3.35 factors or 0.02 percent higher at t 58, 803.33 and Nifty finished 3.35 factors, or 0.02 percent, down at 17,539.45. The first round, 769 shares were outperform, 1, 656 shares fell, and 142 shares remained unchanged.
HDFC, ITC, Larsen and Toubro, HDFC Financial enterprise, Axis Financial BSE. The BSE SmallCap Index ended higher, however, the BSE MidCap and LargeCap fell.