Forex and money markets are closed today on account of Parsi New Year.
On Monday, Indian rupee plummeted by 31 paise to end at over two-year low of 65.31 against the US dollar on the back of consistent demand for greenback from importers and state-run banks.
Sluggish trade data amid highly volatile global currency market sentiment in the aftermath of China’s yuan devaluation predominantly weighed on trade, forex dealers said.
Besides, fresh bouts of selling in local equities added pressure on the local currency.
Read Next
Christmas week starts strong: Nifty ends near 26,200, Sensex surges 600 points – Here are key highlights
How will markets open today? GIFT Nifty in red, Nikkei down 1.5%, SEBI’s big move, rupee and 8 other cues
Markets close in red: Nifty holds 26,000, Sensex down 50 points – Here are key highlights