The Indian rupee continued to fall, falling 10 paise to 77.72 against the US dollar on Thursday, driven down by a poor trend in domestic markets and continued foreign investment outflows.
The rupee opened lower versus the greenback in the interbank foreign exchange market, at 77.72, and ended the day at 77.72, down 10 paise from its previous close. The rupee hit an intraday low of 77.76 and a high of 77.63 during the trading session.
The rupee fell 18 paise to settle at 77.6 2 on Wednesday.
The dollar index, which measures the strength of the greenback against a basket of six currencies, fell 0.28 percent to 103.51. Brent crude futures declined 1.87 percent to $107.07 a barrel, the global benchmark.
The BSE Sensex slid 1,416.30 points, or 2.61 percent, to 52,792.23, while the NSE Nifty fell 430.90 points, or 2.65 percent, to 15,809.40. According to stock exchange data, foreign institutional investors were net sellers in the capital market on Wednesday, offloading shares worth Rs 1,254.64 crore.
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