Finance
The rupee fell 9 paise to 82.85 (provisional) per US dollar on Friday, owing to heavy selling pressure in domestic equities and a strong greenback overseas.
However, falling crude oil prices limited the rupee’s losses, according to forex traders.
The rupee opened sharply lower at 82.84 against the US dollar on the interbank foreign exchange market, with a high of 82.73 and a low of 82.89.
It eventually settled at 82.85 per dollar, down 9 paise from its previous close of 82.76.
Meanwhile, the dollar index, which measures the strength of the US currency against a basket of six currencies, increased 0.13 percent to 104.69.
The global oil benchmark, Brent crude futures, fell 2.29 percent to USD 79.35 per barrel.
The 30-share BSE Sensex closed 461.22 points, or 0.75 percent, lower at 61,337.81 in the domestic equity market. The NSE Nifty dropped 145.90 points, or 0.79 percent, to 18,269.
According to exchange data, foreign institutional investors (FIIs) were net sellers in capital markets on Thursday, offloading shares worth Rs 710.74 crore.
Source:FE
