Foreign exchange merchants stated elevated crude oil costs additionally dragged down charges
The Indian rupee declined eight paise to 74.91 in opposition to the US greenback (20.41 versus the UAE dirham) in opening commerce on Thursday, weighed down by the power of the American forex and muted Indian equities.
Foreign exchange merchants stated elevated crude oil costs additionally dragged down the rupee.
On the Indian interbank overseas alternate, the rupee opened at 74.84 in opposition to the greenback, then slipped additional to 74.91, registering a decline of 8 paise during the last shut.
The rupee on Wednesday had settled at 74.83 in opposition to the American forex.
The greenback index, which gauges the dollar’s power in opposition to a basket of six currencies, rose by 0.10 per cent to 96.03.
In the meantime, international oil benchmark Brent crude futures fell by 0.25 per cent to $89.25 per barrel.
On the Indian fairness market entrance, the 30-share Sensex was buying and selling greater than 278.94 factors or 0.47 per cent decrease at 59,279.39, whereas the broader NSE Nifty declined by 77.30 factors, or 0.43 per cent, to 17,702.70.
(With inputs from PTI)