The rupee on Friday closed three paise down at 83.26 against the US dollar in the interbank foreign exchange market. Investor sentiment has been affected by the strengthening of the dollar in global markets and the fall in local stock markets.
Forex traders said the fall of the rupee was somewhat curbed due to crude oil prices falling to a four-month low. The rupee opened flat at 83.23 per dollar in the interbank foreign exchange market last night after the fall in crude oil prices.
During the day it ranged between 83.23 to 83.28 per dollar. Finally it closed with a fall of three paise at 83.26 per dollar. On Thursday, the rupee had closed at 83.23 against the US dollar.
Meanwhile, the dollar index, which gauges the US dollar’s position against six major currencies, fell 0.11 per cent to 104.23 after hitting a high of 104.53. Global oil benchmark Brent crude was trading 0.54 per cent higher at $77.84 per barrel.
The 30-share BSE Sensex closed at 65,794.73 points, down 187.75 points. According to stock market data, foreign institutional investors (FIIs) were net sellers in the capital market. He sold shares worth Rs 477.76 crore on Friday.