Forex dealers said continued foreign capital outflows and moderation in domestic equity markets also influenced the market sentiment.
Forex dealers said continued foreign capital outflows and moderation in domestic equity markets also influenced the market sentiment.
The rupee on Thursday fell 15 paise to close at 75.95 (provisional) against the US dollar under pressure from rising crude oil prices amid escalating conflict between Russia and Ukraine.
Forex dealers said continued foreign capital outflows and moderation in domestic equity markets also influenced the market sentiment.
At the interbank forex market, the rupee opened stronger at 75.76 against the US dollar, but soon turned negative territory as investors turned to safe-haven assets. During the session, it fluctuated between the high of 75.60 and the low of 75.98.
The local unit finally closed at 75.95 against the dollar, down 15 paise from its previous close.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.23% higher at 97.63.
On the domestic equity market front, the 30-share Sensex ended 366.22 points or 0.66% lower at 55,102.68, while the broader NSE Nifty fell 107.90 points or 0.65% to 16,498.05.
Global oil benchmark Brent crude futures rose 2.59% to $115.85 a barrel.
Russian and Ukrainian officials are expected to hold a second round of talks in Belarus on Thursday.
Foreign institutional investors continued their sell-off in the Indian markets as they sold shares worth ₹4,338.94 crore on a net basis on Wednesday, according to exchange data.