On Monday, the US Federal Reserve perceived sticking to a 75 basis point (bps) rate hike after a stronger-than-expected US jobs data report; the rupee glided to another record low of 82.64 against the US dollar.

The Efforts made by the Reserve Bank of India (RBI) to regulate the rupee’s downfall have generated little results amid the flight to the security of the US dollar. The rupee has enfeebled over 11% so far this year, with the Reserve Bank of India (RBI) shielding the rupee through dollar sales that have exhausted its forex reserves to the deepest level in over two years.

Friday’s data presented that US job growth reduced moderately in September while the unemployment rate plunged to 3.5%, indicating a tight labour market. Having touched a one-week high on Friday, the dollar index was stable.

Yields on 10-year US Treasury notes shuffled towards 3.9%. The benchmark Brent crude agreement inched closer to $100 per barrel after soaring more than 11 per cent last week, being it’s one of the biggest such moves in the six months.