Rupee continues to fall, six paise and breaks down to 81.70 per dollar

Mumbai, Nov 18 (PTI) The rupee depreciated by six paise to close at 81.70 (provisional) against the US dollar on Friday at the Interbank Foreign Exchange market amid a weak trend in the domestic equity market and a rise in crude oil prices.

Sources said weakening of the dollar in overseas markets and increase in fresh foreign inflows limited losses.

The rupee opened higher at 81.59 at the Interbank Foreign Exchange market. After touching the day’s high of 81.52 and low of 81.78 during the day, the rupee finally settled 6 paise lower at 81.70 against the American currency.

The rupee had closed at 81.64 per dollar on Thursday.

Meanwhile, the dollar index, which shows the dollar’s weakness or strength against six major world currencies, declined 0.28 per cent to 106.39.

Global oil benchmark Brent crude futures rose 0.36 per cent to $90.10 a barrel.

At the same time, the 30-share BSE Sensex closed at 61,663.48 points down by 87.12 points.

According to stock market data, Foreign Institutional Investors (FIIs) remained net buyers in the capital market. He bought shares worth Rs 618.37 crore on Thursday.