Rupee falls 10 paise to close at 81.84 against US dollar

the rupee It pared all of its initial gains to settle down 10 pounds at 81.84 (temporary) against the greenback on Thursday, amid dollar strength abroad.

However, forex dealers said the strong sentiment in the local stock market limited the rupee’s decline.

In the interbank foreign exchange market, the local unit opened at 81.69 against the dollar and finally closed at 81.84 (temporary), down 10 pounds from its previous close.

During the day, the rupee saw a high of 81.61 and a low of 81.85 against the dollar.

On Wednesday, the rupee closed at 81.74 against the greenback.

Meanwhile, the dollar index, which measures the strength of the greenback against a basket of six currencies, rose 0.03 percent to 101.50.

Brent crude futures, the global oil benchmark, advanced 0.21 percent to $77.85 a barrel.

On the domestic stock market front, 30-share BSE Sensex It closed up 348.80 points, or 0.58 percent, at 60,649.38 points. the widest NSE Nifty It advanced 101.45 points, or 0.57 percent, to 17,915.05 points.

foreign institutional investors (FIIs).) were net sellers in the capital market on Wednesday unloading shares worth Rs 1,257.48 crore, according to exchange data.