On Thursday, Rupee closed at 81.63 / $

18 Nov 2022 , 08:47 AM

In line with the US dollar’s strength in foreign exchange markets and a flat domestic equity market, the rupee lost 37 paise on Thursday to settle at 81.63 (provisional). The local unit in the interbank foreign currency market started the day at 81.62 and afterwards experienced an intraday high of 81.45 and a low of 81.68.

The native currency ultimately lost 37 paise from its previous level to conclude at 81.63 against the US dollar. The rupee lost 35 paise on Wednesday to end the day at 81.26 against the US dollar. The dollar index, which measures how strong the dollar is relative to a basket of six different currencies, increased 0.26 percent to 106.55. Benchmark Brent crude futures for world oil fell 0.40 % to $92.99 per barrel.

The 30-share BSE Sensex dropped 230.12 points or 0.37 % to close at 61,750.60 on the domestic equities market, while the larger NSE Nifty dipped 65.75 points or 0.36 % to close at 18,343.90. According to exchange data, Foreign Institutional Investors (FIIs) sold shares worth Rs 386.06 crore on Wednesday, making them net sellers in the capital markets.

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