On Thursday, the Indian rupee lost 11 paise to settle provisionally at 75.95 against the US dollar, as the US Federal Reserve's hawkish stance influenced investor emotions in global markets and boosted the American currency.
The rupee opened down at 75.88 versus the US dollar on the interbank foreign exchange, then fell further to 75.99. It ended up at 75.95, down 11 paise from its previous close.
In the meantime, the dollar index, which measures the strength of the greenback against a basket of six currencies, was up 0.04 percent at 99.64. Brent crude futures rose 1.52 percent to USD 102.61 per barrel, the highest level in the world.
On the domestic front, the 30-share Sensex down 575.46 points, or 0.97 percent, to 59,034.95, while the wider NSE Nifty fell 168.10 points, or 0.94 percent, to 17,639.55. The highest Nifty loser was Adani Ports, which fell 3.46 pc to Rs 820.45. Titan, HDFC TCS, Wipro, Reliance Industries, PowerGrid, Bharti Airtel, and L&T were among the top losers on the 30-share BSE index.
According to stock exchange data, foreign institutional investors were net sellers in the capital market on Wednesday, offloading shares worth Rs 2,279.97 crore.
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