<p>The rupee started the year 2022 on a muted note as it slipped 14 paise to 74.43 against the US dollar in opening trade on Monday, tracking weak macroeconomic data.</p>.<p>At the interbank foreign exchange, the rupee opened weak at 74.35, then fell further to 74.43 against the greenback, registering a decline of 14 paise from the last close. The local unit also touched an early high of 74.31 against the greenback in initial deals.</p>.<p>The local unit on the last trading day of 2021 had settled at 74.29.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, increased by 0.19 per cent to 96.85.</p>.<p>On the domestic macroeconomic front, India's current account slipped into a deficit of USD 9.6 billion or 1.3 per cent of GDP in the September quarter, the Reserve Bank said on Friday.</p>.<p>The current account, which records the value of exports and imports of both goods and services along with international transfers of capital, was in a surplus mode both in the quarter-ago and year-ago periods.</p>.<p>Forex traders said growing concerns over the Omicron variant of coronavirus and its impact on economic recovery as well as firm crude oil prices weighed on the local unit.</p>.<p>The local unit was trading in a narrow range, as positive domestic equities supported the rupee and limited the depreciating bias, they said.</p>.<p>On the domestic equity market front, the 30-share Sensex was trading 490.38 points or 0.84 per cent higher at 58,744.20, while the broader NSE Nifty advanced 136.35 points or 0.79 per cent to 17,490.40.</p>.<p>Global oil benchmark Brent crude futures advanced by 0.72 per cent to $78.34 per barrel.</p>.<p>Foreign institutional investors remained net buyers in the capital market on Friday, as they purchased shares worth Rs 575.39 crore, as per stock exchange data.</p>.<p><strong>Watch the latest DH videos:</strong></p>
<p>The rupee started the year 2022 on a muted note as it slipped 14 paise to 74.43 against the US dollar in opening trade on Monday, tracking weak macroeconomic data.</p>.<p>At the interbank foreign exchange, the rupee opened weak at 74.35, then fell further to 74.43 against the greenback, registering a decline of 14 paise from the last close. The local unit also touched an early high of 74.31 against the greenback in initial deals.</p>.<p>The local unit on the last trading day of 2021 had settled at 74.29.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, increased by 0.19 per cent to 96.85.</p>.<p>On the domestic macroeconomic front, India's current account slipped into a deficit of USD 9.6 billion or 1.3 per cent of GDP in the September quarter, the Reserve Bank said on Friday.</p>.<p>The current account, which records the value of exports and imports of both goods and services along with international transfers of capital, was in a surplus mode both in the quarter-ago and year-ago periods.</p>.<p>Forex traders said growing concerns over the Omicron variant of coronavirus and its impact on economic recovery as well as firm crude oil prices weighed on the local unit.</p>.<p>The local unit was trading in a narrow range, as positive domestic equities supported the rupee and limited the depreciating bias, they said.</p>.<p>On the domestic equity market front, the 30-share Sensex was trading 490.38 points or 0.84 per cent higher at 58,744.20, while the broader NSE Nifty advanced 136.35 points or 0.79 per cent to 17,490.40.</p>.<p>Global oil benchmark Brent crude futures advanced by 0.72 per cent to $78.34 per barrel.</p>.<p>Foreign institutional investors remained net buyers in the capital market on Friday, as they purchased shares worth Rs 575.39 crore, as per stock exchange data.</p>.<p><strong>Watch the latest DH videos:</strong></p>