The Indian rupee lost much of its early gains against the US dollar on Thursday (November 18), settling 4 paise higher provisionally higher at 74.24 against the greenback, as crude oil prices fell and the greenback fell in the overseas market. Forex dealers said that a big sell-off in the domestic share market limited the rupee's gains.

The local currency opened strong at 74.10 against the US Dollar on the interbank forex market, with an intra-day high of 74.01 and a low of 74.26 during the day's session. It finally settled at 74.24 per dollar, down from 74.28 the day before.

The global oil benchmark, Brent crude futures, lost 0.24 percent to USD 80.09 a barrel.

In the meantime, the dollar index, which measures the strength of the Dollar against a basket of six currencies, was down 0.08 percent at 95.75.

Meanwhile, in the domestic stock market front, the BSE Sensex fell 372.32 points, or 0.62 percent, to 59,636.01, while the broader NSE Nifty down 133.85 points, or 0.75 percent, to 17,764.80.  According to exchange data, foreign institutional investors were net sellers in the capital market on Wednesday, offloading shares worth Rs 344.35 crore.

Market Closing: Sensex down 372-pts, Nifty is below 17,800

Paytm Public offer lists 9-pc below the issue price

Gold price today: Gold moving towards a new record, Check everything here