Rupee slips 6 paise to 76.25 against US dollar

On Wednesday, the rupee had lost 4 paise to close at 76.19 against the US dollar.

On Wednesday, the rupee had lost 4 paise to close at 76.19 against the US dollar.

The rupee closed 6 paise lower at 76.25 (provisional) against the US dollar on April 18, tracking the greenback’s strength overseas and rising crude oil prices.

At the interbank forex market, the rupee opened at 76.41 against the US currency, and finally closed at 76.25, down 6 paise over its previous close.

During the trading session, the rupee witnessed an intra-day high of 76.20 and a low of 76.43.

On Wednesday, the rupee had lost 4 paise to close at 76.19 against the US dollar.

Forex market was closed on Thursday on account of Mahavir Jayanti and Dr. Babasaheb Ambedkar Jayanti and Friday on account of Good Friday.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.20% higher at 100.70.

Global oil benchmark Brent crude futures fell 0.18% to $111.50 a barrel.

The 30-share BSE Sensex closed 1,172.19 points or 2.01% lower at 57,166.74, while the broader NSE Nifty fell 302.00 points or 1.73% to end at 17,173.65.

Foreign institutional investors remained net sellers in the capital markets on Wednesday as they sold shares worth Rs 2,061.04 crore, according to stock exchange data.