Rupee VErsus Dollar: Due to a drop in the greenback and crude oil prices after Western countries slapped sanctions on Russia for sending troops into separatist-held regions of Ukraine, the rupee rose 25 paise to 74.59 against the dollar on Wednesday.
The local currency opened at 74.64 vs the US dollar on the interbank forex market, buzzing with an intra-day high of 74.54 and a low of 74.73.
At the Indian market closing time, the currency was trading at 74.59 rupees, up 25 paise from its previous close. The rupee lost 29 paise versus the dollar on Tuesday, ending the day at 74.84.
Meanwhile, the dollar index fell 0.17 percent to 95.86, which gauges the strength of the greenback against a basket of six currencies. The global oil benchmark, Brent crude futures, were trading 0.90 percent lower at USD95.97 per barrel.
The BSE Sensex closed the day 68.62 points, or 0.12 percent, lower at 57,232.06, while the broader NSE Nifty slid 28.95 points, or 0.17 percent, to 17,063.25. According to stock exchange data, foreign institutional investors were net sellers in the capital market on Tuesday, offloading shares worth Rs 3,245.52 crore.
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