Rupee falls 18 paise against the US dollar to close at 74.52

Rupee Versus Dollar Today: On Thursday, the rupee lost 18 paise against the dollar, ending provisionally at 74.52, as heavy selling pressure in domestic equities and a strong greenback in the overseas market weighed on investor sentiments. The local currency opened at 74.44 on the interbank foreign exchange market, then fell further to 74.59 against the US dollar.

The local currency ended the day at 74.52 per dollar, down 18 paise from its previous close of 74.34. The dollar index, which measures the strength of the greenback against a basket of six currencies, was up 0.21 percent at 95.05. Meanwhile, the global oil benchmark, Brent crude futures, rose 0.73 percent to USD 83.24 per barrel. According to exchange data, foreign institutional investors were net sellers in the capital market on Wednesday, offloading shares worth Rs. 469.50 crore.

Meanwhile, on the Indian Stock market, the Sensex finished 433 points lower at 59,920, while the Nifty 50 index dropped 144 points to 17,874. On the Nifty 50, SBI, ONGC, SBI Life, Bajan Finserve, and Tech Mahindra were among the top drags.

 

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