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The rupee weakened by 9 paise connected Thursday, closing astatine 84.49 against the US dollar, weighed down by a crisp diminution successful home equities and a stronger dollar overseas. The section currency traded successful a range, opening astatine 84.45 and touching an intraday debased of 84.50.
This marks a continuation of the rupee's downward trend, with the currency antecedently closing astatine 84.40 connected Wednesday and nearing its all-time debased of 84.50 recorded connected November 21.
Forex analysts attributed the rupee's show to antagonistic marketplace sentiment and month-end dollar request from importers. However, softer crude lipid prices provided a cushion against a sharper fall. Brent crude futures roseate marginally by 0.08 percent to USD 72.89 per barrel.
The dollar index, which measures the greenback’s spot against six large currencies, climbed 0.25 per cent to 106.34. Traders noted that caller Federal Open Market Committee (FOMC) minutes suggested a imaginable displacement successful the Federal Reserve’s monetary policy, which could yet dampen the dollar's appeal.
On the equity front, the 30-share BSE Sensex plunged 1,190.34 points oregon 1.48 per cent to 79,043.74, and the NSE Nifty dropped 360.75 points oregon 1.49 per cent to adjacent astatine 23,914.15.
Foreign Institutional Investors (FIIs) were nett buyers, infusing Rs 7.78 crore into the superior markets connected Wednesday, offering constricted enactment to the rupee.
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