<p>The rupee depreciated by 37 paise to close at 81.63 (provisional) against the US dollar on Thursday, tracking the strength of the American currency in the overseas markets and a muted trend in domestic equities.</p>.<p>Forex traders said the American currency strengthened after strong US retail sales data pointed to resilient consumption adding room for tighter policy by the US Federal Reserve.</p>.<p>At the interbank foreign exchange market, the local unit opened at 81.62 and later witnessed an intraday high of 81.45 and a low of 81.68 during the session.</p>.<p>The domestic unit finally settled at 81.63 against the American currency, registering a fall of 37 paise over its last close.</p>.<p>On Wednesday, the rupee depreciated by 35 paise to close at 81.26 against the US dollar.</p>.<p>US retail sales posted the biggest increase in eight months in October. UK inflation number came in at 11.1 per cent, to 41-year high, as compared to 10.1 per cent in the previous month, said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services.</p>.<p>"We expect the USD-INR (Spot) to trade sideways and quote in the range of 81.05 and 81.60," Somaiya said.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.26 per cent to 106.55.</p>.<p>Global oil benchmark Brent crude futures declined 0.40 per cent to USD 92.49 per barrel.</p>.<p>On the domestic equity market front, the 30-share BSE Sensex fell 230.12 points or 0.37 per cent to end at 61,750.60, while the broader NSE Nifty declined 65.75 points or 0.36 per cent to 18,343.90.</p>.<p>Foreign Institutional Investors (FIIs) were net sellers in capital markets as they offloaded shares worth Rs 386.06 crore on Wednesday, according to exchange data. </p>
<p>The rupee depreciated by 37 paise to close at 81.63 (provisional) against the US dollar on Thursday, tracking the strength of the American currency in the overseas markets and a muted trend in domestic equities.</p>.<p>Forex traders said the American currency strengthened after strong US retail sales data pointed to resilient consumption adding room for tighter policy by the US Federal Reserve.</p>.<p>At the interbank foreign exchange market, the local unit opened at 81.62 and later witnessed an intraday high of 81.45 and a low of 81.68 during the session.</p>.<p>The domestic unit finally settled at 81.63 against the American currency, registering a fall of 37 paise over its last close.</p>.<p>On Wednesday, the rupee depreciated by 35 paise to close at 81.26 against the US dollar.</p>.<p>US retail sales posted the biggest increase in eight months in October. UK inflation number came in at 11.1 per cent, to 41-year high, as compared to 10.1 per cent in the previous month, said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services.</p>.<p>"We expect the USD-INR (Spot) to trade sideways and quote in the range of 81.05 and 81.60," Somaiya said.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.26 per cent to 106.55.</p>.<p>Global oil benchmark Brent crude futures declined 0.40 per cent to USD 92.49 per barrel.</p>.<p>On the domestic equity market front, the 30-share BSE Sensex fell 230.12 points or 0.37 per cent to end at 61,750.60, while the broader NSE Nifty declined 65.75 points or 0.36 per cent to 18,343.90.</p>.<p>Foreign Institutional Investors (FIIs) were net sellers in capital markets as they offloaded shares worth Rs 386.06 crore on Wednesday, according to exchange data. </p>