On Thursday, the rupee fell 102 paise to 75.63  against the US dollar as risky assets fell in value after Russia initiated armed activities in Ukraine. Foreign fund outflows, significant selling in domestic equities, and rising crude oil prices, according to forex traders, have all weighed on investor morale.

The rupee opened at 75.02 versus the dollar on the interbank foreign currency market, but later fell to 75.75 against the greenback. The local currency ended the day at 75.63, down 102 paise from its previous closing.

In the meantime, the dollar index, which measures the strength of the greenback against a basket of six currencies, was up 0.74 percent at 96.90. Brent crude futures, the global benchmark, rose 8.36% to $104.94 a barrel. Brent crude oil prices soared beyond $100 per barrel amid geopolitical concerns, worsening rupee sentiment.

The 30-share Sensex down 2702.15 points, or 4.72 percent, to 54,529.91, while the wider NSE Nifty fell 815.30 points, or 4.78 percent, to 16,247.95. According to stock exchange data, foreign institutional investors were net sellers in the capital market on Wednesday, offloading shares worth Rs 3,417.16 crore.

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