Rupee fell 18 paise to 74.52 against US dollar. closed on

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Rupee Vs Dollar Today: The rupee fell 18 paise to tentatively end at 74.52 against the dollar on Thursday, as heavy selling pressure in domestic equities and a strong greenback in the overseas market weighed on investor sentiments. The local currency opened at 74.44 at the interbank foreign exchange market, then declined further to 74.59 against the US dollar.

The local currency ended the day at 74.52 per dollar, down 18 paise from its previous close of 74.34. The dollar index, which measures the greenback’s strength against a basket of six currencies, was up 0.21 per cent at 95.05. Meanwhile, global oil benchmark Brent crude futures rose 0.73 per cent to $83.24 per barrel. Foreign institutional investors were net sell-offs in the capital markets on Wednesday, according to exchange data. 469.50 crores.

Meanwhile, in the Indian stock market, the Sensex fell 433 points to 59,920, while the Nifty 50 index fell 144 points to closed at 17,874. On Nifty 50, SBI, ONGC, SBI Life, Bajan Finserve and Tech Mahindra were in the top drag.

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