The rupee declined to 71.82 due to strengthening of the US dollar against other currencies overseas and caution ahead of RBI central board meeting under new Governor Shaktikanta Das.
The domestic unit opened on a weak note at 71.80 at the interbank forex market today. It further declined to 71.82, down 14 paise against the previous close of 71.68.
According to forex dealers, fresh foreign fund inflows capped the rupee’s losses. As per provisional data, foreign funds bought shares worth Rs 675.14 crore from the capital markets on a net basis, while domestic institutional investors sold shares worth Rs 51.86 crore on Thursday.
Meanwhile, Brent crude oil was trading at $61.16 per barrel, down by 0.47 per cent. The 30-share BSE index Sensex was trading up 66.46 points or 0.18 per cent at 35,996.10 and the 50-share NSE index Nifty up 18.95 points or 0.18 per cent at 10,810.50.