The Indian rupee declined by 5 paise to close provisionally at 74.47  against the greenback on July 27 as the dollar strengthened in the overseas markets and the domestic equity indices closed wit losses. At the interbank foreign exchange market, the rupee opened at 74.36 against the dollar and witnessed an intra-day high of 74.35 and a low of 74.54 during the session, and finally ended the day at 74.47, down 5 paise over its last close. Last day, the rupee had settled at 74.42 against the U.S. dollar. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.12 percent to 92.76.

On the domestic share market the BSE Sensex ended 273.51 points lower at 52,578.76, while the broader NSE Nifty declined 78 points to 15,746.45. Reliance Industries, Dr. Reddy's, and Axis Bank amid a massive selloff in Chinese markets. Axis Bank, Sun Pharma, Kotak Bank, HDFC, and ITC fell up to 3.19 percent.

Global oil benchmark Brent crude advanced 0.39 percent to USD74.79 per barrel in futures trade. Meanwhile, foreign institutional investors were net sellers in the capital market on Monday as they offloaded shares worth Rs.2,376.79 crore, as per exchange data.

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