The rupee fell for the fourth day in a row on Thursday and depreciated by 12 paise to 82.77 (provisional) towards the US greenback amid blended world fairness market cues and overseas fund outflows.
Traders stated optimistic sentiments within the home fairness market and weaker greenback, nonetheless, resisted the decline within the Indian foreign money.
At the interbank overseas trade, the home unit opened decrease at 82.77 towards the greenback. It traded between 82.60 and 82.80 ranges, and settled at 82.77 (provisional) towards the American foreign money, registering a fall of 12 paise towards its earlier shut.
This is the fourth consecutive day of decline within the rupee. On Wednesday, the rupee settled at 82.65 towards the US greenback.
Meanwhile, the greenback index, which gauges the dollar’s power towards a basket of six currencies, fell 0.25 per cent to 104.38.
Global oil benchmark Brent crude futures rose 1.23 per cent to USD 74.60 per barrel.
On the home fairness market entrance, the 30-share BSE Sensex rose 78.94 factors or 0.14 per cent to 57,634.84 factors whereas the broader NSE Nifty rose 13.45 factors or 0.08 per cent to 16,985.60 factors.
On Thursday, Asian and European shares have been buying and selling on a blended observe towards the backdrop of issues over the well being of the worldwide banking system within the wake of financial institution failures within the US and issues at Swiss main Credit Suisse.
Foreign Institutional Investors (FIIs) remained web sellers within the home capital market on Wednesday as they offloaded shares value Rs 1,271.25 crore, in line with trade information.
(Except for the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)