In early trade on Wednesday, the rupee fell 1 paisa to 83.38 vs the US dollar, reflecting the strength of the US currency against key international rivals. The sharp decline in crude oil prices from above USD 76 per barrel to USD 73 per barrel, according to forex analysts, offered assistance, but the muted trend in equities markets due to the country’s rising retail inflation also put pressure on the Indian rupee.
The rupee fell 4 paise to settle at 83.40 against the US dollar on Friday.
The dollar index, which measures the strength of the US dollar relative to a basket of six other currencies, was up 0.04 percent at 103.67 in the meantime.
The benchmark for oil prices worldwide, Brent crude futures, up 0.41 percent to $75.53 per barrel.
Regarding the local equity market, the Sensex reached a record high of 69,928.53 points after rising 102.93 points, or 0.15 percent. The Nifty reached a new closing high of 20,997.10 points, up 27.70 points, or 0.13 percent.
The dollar index, which measures the strength of the US dollar relative to a basket of six other currencies, was up 0.02 percent at 103.48 in the meantime.
The benchmark for global oil, Brent crude futures, fell 0.20 percent to USD 73.09 a barrel.
The 30-share BSE Sensex was down 20.84 points, or 0.03 percent, at 69,530.19 points on the domestic equities market. At 20,911.55 points, the larger NSE Nifty increased by 5.15 points, or 0.02 percent.
