Traders said weak opening in domestic equities and foreign fund outflows weighed on the rupee, while easing crude oil prices and weakening of the American currency supported the domestic currency to some extent.
Domestic bourses opened on a negative note on Wednesday with benchmark indices Sensex trading 185.29 points down at 41,767.34 and Nifty lower by 66.20 points at 12,296.10. Foreign institutional investors (FIIs) remained net sellers in the capital markets, as they sold shares worth Rs 205.56 crore on Tuesday, as per provisional data.
Meanwhile, brent crude futures, the global oil benchmark, eased by 0.25 per cent to USD 64.33 per barrel. The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.02 per cent to 97.34.The 10-year government bond yield was at 6.64 in morning trade.