Rupee falls by 11 paise to 72.83 against U.S. dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.27% to 91.19

March 04, 2021 04:17 pm | Updated 04:18 pm IST - Mumbai

Image for representational purpose only.

Image for representational purpose only.

The rupee ended 11 paise lower at 72.83 (provisional) against the U.S. dollar on Thursday, weighed down by a rebound in the U.S. dollar and muted domestic equities.

At the interbank forex market, the local unit opened at 72.99 against the greenback and witnessed an intra-day high of 72.62 and a low of 72.99.

It finally ended at 72.83 against the American currency, registering a fall of 11 paise over its previous closing.

On Wednesday, the rupee had settled at 72.72 against the American currency.

The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.27% to 91.19.

Meanwhile, Brent crude futures, the global oil benchmark, fell 0.34% to $63.85 per barrel.

On the domestic equity market front, the BSE Sensex ended 598.57 points or 1.16% lower at 50,846.08, while the broader NSE Nifty declined 164.85 points or 1.08% to 15,080.75.

Foreign institutional investors were net buyers in the capital market as they purchased shares worth ₹2,088.70 crore on Wednesday, according to exchange data.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.