Rising crude prices in the international market and persistent foreign capital outflows also put pressure on the rupeeThe rupee depreciated by 12 paise to end at 74.42 (provisional) against the U.S. dollar on Monday, as massive sell-offs in domestic equities and a strong greenback in the overseas market weighed on investor sentiments. Besides, rising crude prices in the international market and persistent foreign capital outflows also put pressure on the rupee, forex dealers said. The local unit finally settled at 74.42 a dollar, down 12 paise over its previous close of 74.30. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.07% up at 96.10. Foreign institutional investors were net sellers in the capital market on Thursday, as they offloaded shares worth ₹3,930.62 crore, according to exchange data.

Source: The Hindu November 22, 2021 14:56 UTC