<p class="title">The rupee tanked 102 paise to close at 75.63 (provisional) against the US currency on Thursday as riskier assets took a hit after Russia launched military operations against Ukraine.</p>.<p class="bodytext">Forex traders said sustained foreign fund outflows, heavy selling in domestic equities and elevated crude oil prices weighed on investor sentiment.</p>.<p class="bodytext">At the interbank foreign exchange market, the rupee opened at 75.02 against the American dollar but later dropped to a low of 75.75 against the greenback.</p>.<p class="bodytext">The local unit finally finished at 75.63, down 102 paise from the previous close.</p>.<p class="bodytext">Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.74 per cent higher at 96.90.</p>.<p class="bodytext">Global oil benchmark Brent crude futures jumped 8.36 per cent to $104.94 per barrel.</p>.<p class="bodytext"><strong>Also read: <a href="https://www.deccanherald.com/business/crude-at-100-what-it-means-for-the-indian-consumer-1084691.html" target="_blank">Crude at $ 100: What it means for the Indian consumer</a></strong></p>.<p class="bodytext">"Rupee became the worst performing currency among Asian currencies on back of month-end dollar demand from oil importers. Also, safe-haven dollar demand has surged after Russia attacks on Ukraine fuelled sell-off in risk assets," said Dilip Parmar, Research Analyst, HDFC Securities.</p>.<p class="bodytext">Brent Crude oil prices surged past the $100-a-barrel mark amid geopolitical worries which worsened sentiments for rupee.</p>.<p class="bodytext">"Spot USD-INR took support at 74.30, the 200 days simple moving average and now heads for a month high of 75.72," Parmar said.</p>.<p class="bodytext">On the domestic equity market front, the 30-share Sensex ended 2702.15 points or 4.72 per cent lower at 54,529.91, while the broader NSE Nifty plunged 815.30 points or 4.78 per cent to 16,247.95.</p>.<p class="bodytext">Foreign institutional investors remained net sellers in the capital market on Wednesday as they offloaded shares worth Rs 3,417.16 crore, as per stock exchange data. </p>.<p><strong>Watch the latest DH Videos here:</strong></p>
<p class="title">The rupee tanked 102 paise to close at 75.63 (provisional) against the US currency on Thursday as riskier assets took a hit after Russia launched military operations against Ukraine.</p>.<p class="bodytext">Forex traders said sustained foreign fund outflows, heavy selling in domestic equities and elevated crude oil prices weighed on investor sentiment.</p>.<p class="bodytext">At the interbank foreign exchange market, the rupee opened at 75.02 against the American dollar but later dropped to a low of 75.75 against the greenback.</p>.<p class="bodytext">The local unit finally finished at 75.63, down 102 paise from the previous close.</p>.<p class="bodytext">Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.74 per cent higher at 96.90.</p>.<p class="bodytext">Global oil benchmark Brent crude futures jumped 8.36 per cent to $104.94 per barrel.</p>.<p class="bodytext"><strong>Also read: <a href="https://www.deccanherald.com/business/crude-at-100-what-it-means-for-the-indian-consumer-1084691.html" target="_blank">Crude at $ 100: What it means for the Indian consumer</a></strong></p>.<p class="bodytext">"Rupee became the worst performing currency among Asian currencies on back of month-end dollar demand from oil importers. Also, safe-haven dollar demand has surged after Russia attacks on Ukraine fuelled sell-off in risk assets," said Dilip Parmar, Research Analyst, HDFC Securities.</p>.<p class="bodytext">Brent Crude oil prices surged past the $100-a-barrel mark amid geopolitical worries which worsened sentiments for rupee.</p>.<p class="bodytext">"Spot USD-INR took support at 74.30, the 200 days simple moving average and now heads for a month high of 75.72," Parmar said.</p>.<p class="bodytext">On the domestic equity market front, the 30-share Sensex ended 2702.15 points or 4.72 per cent lower at 54,529.91, while the broader NSE Nifty plunged 815.30 points or 4.78 per cent to 16,247.95.</p>.<p class="bodytext">Foreign institutional investors remained net sellers in the capital market on Wednesday as they offloaded shares worth Rs 3,417.16 crore, as per stock exchange data. </p>.<p><strong>Watch the latest DH Videos here:</strong></p>