Brent crude futures, the global oil benchmark, fell sharply, down 5.59% to $107.11 a barrel
Brent crude futures, the global oil benchmark, fell sharply, down 5.59% to $107.11 a barrel
The rupee rose 14 paise to close at 75.76 (tent) against the US dollar on Thursday, tracking strong Asian peers and a decline in global crude prices.
However, in fiscal 2021-22, the domestic unit depreciated by 264 paise, or 3.61%, against the American currency.
On the interbank FX market, the local unit opened at 75.67 against the greenback, seeing daily highs of 75.66 and lows of 75.83.
The rupee eventually settled at 75.76, up 14 paise from its previous close.
On Wednesday, the rupee fell 17 paise to close at 75.90 against the US dollar.
Meanwhile, the dollar index, which measures the dollar’s strength against a basket of six currencies, rose 0.40% to 98.18.
Brent crude futures, the global oil benchmark, fell sharply, down 5.59% to $107.11 a barrel.
On the domestic stock market front, the BSE Sensex closed 115.48 points, or 0.20%, lower at 58,568.51, while the broader NSE Nifty fell 33.50 points, or 0.19%, to 17,464.75.
Foreign institutional investors were net buyers in the capital market on Wednesday as they bought £1,357.47 billion worth of shares, according to stock market data.
