The rupee dropped to 79.9125 per U.S. dollar, lowest level since July 27, compared with 79.7750 in the previous session.Euro falls to as low as 0.9988 to the dollar, weighed down by concern that a three-day halt to European gas supplies later this month will exacerbate an energy crisis.
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The Nifty Auto index closed 1.94 per cent down at 12695.75.
The Nifty Realty index closed 2.51 per cent down at 439.1.
“In infrastructure, we are going through a new capex cycle. In the last cycle it was largely the power sector which had huge capex and was driving the overall capex situation in the country. But this new cycle is more about the private capex where the capex size or size of the projects are much smaller. Equipment companies are likely to benefit much more than the larger EPC companies. â€
In the Nifty pack, 5 stocks closed in the green, while 45 stocks ended in the red.
Silver also declined by Rs 635 to Rs 55,416 per kg.In the international market, gold was quoting lower at USD 1,737 per ounce while silver was flat at USD 18.90 per ounce.
In FY22, a majority of the funds raised through the instrument were to refinance bond issues done in FY17, Icra Ratings said in the report on Monday.Majority of the bonds have a call option in the fifth year, resulting in the significant jump in new issuances which are basically for refinancing the earlier obligations.
