The rupee fell by 12 paise to 82.77 against the US dollar
The rupee fell for a fourth straight day on Thursday, depreciating by 12 paise to 82.77 (provisional) against the US dollar amid mixed global equity market cues and foreign fund outflows.
Positive sentiment in the domestic equity market and a weaker dollar, however, countered the fall in the Indian currency, traders said.
At the interbank foreign exchange, the domestic unit opened lower at 82.77 against the dollar. It traded between 82.60 and 82.80 levels, and settled at 82.77 (provisional) against the US currency, down 12 paise from its previous close.
This is the fourth day in a row that the rupee has fallen. On Wednesday, the rupee closed at 82.65 against the US dollar.
Meanwhile, the dollar index, which measures the greenback’s strength against a basket of six currencies, fell 0.25 percent to 104.38.
Global oil benchmark Brent crude futures rose 1.23 percent to $74.60 a barrel.
On the domestic equity market front, the 30-share BSE Sensex rose 78.94 points, or 0.14 percent, to 57,634.84 points while the broader NSE Nifty gained 13.45 points, or 0.08 percent, to 16,985.60 points.
On Thursday, Asian and European shares traded on a mixed note amid concerns over the health of the global banking system in the wake of bank failures in the US and problems at Swiss giant Credit Suisse.
Foreign institutional investors (FIIs) were net sellers in the domestic capital market on Wednesday as they offloaded shares worth Rs 1,271.25 crore, according to exchange data.
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