<p>Bengaluru: The Indian rupee logged its worst day in over a month, depreciating by 38 paise to close at 87.33 (provisional) against the US dollar on Monday, on the back of volatile crude oil prices amid tariff uncertainties worldwide and unabated outflow of foreign funds.</p><p>The fall happened in spite of a weaker dollar, as continued sell-off in the domestic equity markets hit investors’ sentiments adversely, forex traders said.</p><p>Benchmark equity indices BSE Sensex and NSE Nifty pared early gains to close lower in a volatile session on Monday dragged by selling in industrials and oil & gas shares. The 30-share Sensex declined 0.29% to settle at 74,115.17 with 22 of its constituents ending lower and eight with gains. The 50-share Nifty declined by 0.41% to close at 22,460.30.</p><p>In the money markets, the rupee opened weak at 87.24 and touched the day's low of 87.36 amid intense volatility. The unit touched an intraday high of 87.16 before ending the session at 87.33. The previous steepest single-session fall was on February 5, when the domestic currency dropped 39 paise against the dollar.</p>.Consumption growth in rural Karnataka outpaced urban in FY24.<p>“The rupee has been steadily weakening against the dollar mainly due to the sustained foreign investors’ outflows from India. In 2025 up to March 7, foreign institutional investors (FIIs) sold equity worth Rs 1.37 lakh crore in the Indian stock market,” said VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services.</p><p>“Money has been moving to the United States triggered by the Trump trade and recently China has been attracting a lot of funds due to the cheap valuation of Chinese stocks. Concerns surrounding the uncertainty caused by Trump’s tariff policy also is impacting emerging market currencies like the rupee,” Vijayakumar said.</p><p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.15% at 103.65. Brent crude, the global oil benchmark, rose 0.28% to $70.56 per barrel in futures trade. This is due to the fact that oil producing nations have decided to increase output from April.</p><p>Foreign institutional investors (FIIs) offloaded equities worth Rs 2,035.10 crore on a net basis on Friday, according to exchange data. The latest Reserve Bank of India data released on Friday showed the country's forex reserves dropped by $1.781 billion to $638.698 billion in the week ended February 28.</p>
<p>Bengaluru: The Indian rupee logged its worst day in over a month, depreciating by 38 paise to close at 87.33 (provisional) against the US dollar on Monday, on the back of volatile crude oil prices amid tariff uncertainties worldwide and unabated outflow of foreign funds.</p><p>The fall happened in spite of a weaker dollar, as continued sell-off in the domestic equity markets hit investors’ sentiments adversely, forex traders said.</p><p>Benchmark equity indices BSE Sensex and NSE Nifty pared early gains to close lower in a volatile session on Monday dragged by selling in industrials and oil & gas shares. The 30-share Sensex declined 0.29% to settle at 74,115.17 with 22 of its constituents ending lower and eight with gains. The 50-share Nifty declined by 0.41% to close at 22,460.30.</p><p>In the money markets, the rupee opened weak at 87.24 and touched the day's low of 87.36 amid intense volatility. The unit touched an intraday high of 87.16 before ending the session at 87.33. The previous steepest single-session fall was on February 5, when the domestic currency dropped 39 paise against the dollar.</p>.Consumption growth in rural Karnataka outpaced urban in FY24.<p>“The rupee has been steadily weakening against the dollar mainly due to the sustained foreign investors’ outflows from India. In 2025 up to March 7, foreign institutional investors (FIIs) sold equity worth Rs 1.37 lakh crore in the Indian stock market,” said VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services.</p><p>“Money has been moving to the United States triggered by the Trump trade and recently China has been attracting a lot of funds due to the cheap valuation of Chinese stocks. Concerns surrounding the uncertainty caused by Trump’s tariff policy also is impacting emerging market currencies like the rupee,” Vijayakumar said.</p><p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.15% at 103.65. Brent crude, the global oil benchmark, rose 0.28% to $70.56 per barrel in futures trade. This is due to the fact that oil producing nations have decided to increase output from April.</p><p>Foreign institutional investors (FIIs) offloaded equities worth Rs 2,035.10 crore on a net basis on Friday, according to exchange data. The latest Reserve Bank of India data released on Friday showed the country's forex reserves dropped by $1.781 billion to $638.698 billion in the week ended February 28.</p>