Mumbai: The rupee on Thursday fell 15 paise to close at 75.95 (provisional) against the US currency at the forex market on a rise in crude oil prices amid the Ukraine crisis. Traders said frequent outflows of foreign capital and a weak trend in the domestic equity market also weighed on the market sentiment.
The rupee opened stronger at 75.76 per dollar in the interbank foreign exchange market. But soon it started declining. Because investors are giving preference to safe investments. During the trading, the rupee fluctuated between the high of 75.60 and the low of 75.98. In the end, the rupee closed at 75.95, down 15 paise against its previous closing price.
Meanwhile, the dollar index, which reflects the trend of the dollar against the six currencies, rose 0.23 per cent to 97.63. Global benchmark Brent crude futures rose 2.59 per cent to $115.85 per barrel. Meanwhile, the 30-share Sensex of the domestic stock market closed at 55,102.68 points, down 366.22 points.
Brent crude futures, considered the global benchmark, rose 2.59 per cent to $115.85 per barrel. According to stock exchange data, foreign institutional investors were net sellers in the capital market. He sold shares worth Rs 4,338.94 crore on Wednesday. (agency)