The rupee depreciated by 16 paise to 73.74 in opposition to the US greenback in opening commerce on Thursday, monitoring weak home equities and strengthening American forex.
On the interbank foreign exchange market, the home unit opened sharply decrease at 73.77 however recovered barely to the touch 73.74 in early offers, registering a fall of 16 paise over its earlier shut.
On Wednesday, the rupee had misplaced 9 paise to shut at 73.58 in opposition to the US forex.
Foreign exchange merchants stated sturdy greenback and decrease home equities weighed on investor sentiments.
The greenback index, which gauges the buck’s energy in opposition to a basket of six currencies, strengthened by 0.19 per cent to 92.78.
On the home fairness market entrance, BSE Sensex was buying and selling 279.13 factors or 0.69 per cent decrease at 40,428.18, and the broader NSE Nifty fell 80.05 factors or 0.67 per cent to 11,857.60.
International institutional traders have been internet patrons within the capital market as they bought shares price Rs 2,108.48 crore on Wednesday, in accordance with alternate information.
Brent crude futures, the worldwide oil benchmark, fell 0.60 per cent to USD 41.48 per barrel.
(Disclaimer: This story has not been edited by www.republicworld.com and is auto-generated from a syndicated feed.)