<p>The Indian rupee depreciated by 6 paise to 75.02 against the US dollar in opening trade on Wednesday, weighed down by firm crude oil prices and a strong American currency in the overseas market.</p>.<p>At the interbank foreign exchange, the rupee opened on a weak note at 75.02, registering a decline of 6 paise from the last close.</p>.<p>On Tuesday, the rupee had closed at 74.96 against the US dollar.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell marginally by 0.06 per cent to 93.88.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/sensex-nifty-open-on-a-flat-note-1044602.html" target="_blank">Sensex, Nifty open on a flat note</a></strong></p>.<p>Global oil benchmark Brent crude futures declined 0.49 per cent to $85.98 per barrel.</p>.<p>Stronger US dollar and its demand from importers could cap the appreciation bias in the local unit, said Sriram Iyer, Senior Research Analyst at Reliance Securities.</p>.<p>However, fund inflows into the equity markets will lend support, he noted.</p>.<p>Most emerging market and Asian currencies have started mixed amid lack of direction.</p>.<p>"Technically, the USD-INR spot is trading near the 21-daily moving average at 74.84 levels and could bounce back from the level and continue its bullish momentum up to 75.08-75.25 levels. 74.80-74.65 will hold as support levels," Iyer noted.</p>.<p>Moreover, foreign institutional investors were net sellers in the capital market on Tuesday as they offloaded shares worth Rs 2,368.66 crore, as per exchange data.</p>.<p>On the domestic equity market front, the 30-share Sensex was trading 43.53 points or 0.07 per cent higher at 61,393.79, while the broader NSE Nifty advanced 22.70 points or 0.12 per cent to 18,291.10.</p>.<p><strong>Check out latest DH videos here</strong></p>
<p>The Indian rupee depreciated by 6 paise to 75.02 against the US dollar in opening trade on Wednesday, weighed down by firm crude oil prices and a strong American currency in the overseas market.</p>.<p>At the interbank foreign exchange, the rupee opened on a weak note at 75.02, registering a decline of 6 paise from the last close.</p>.<p>On Tuesday, the rupee had closed at 74.96 against the US dollar.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell marginally by 0.06 per cent to 93.88.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/sensex-nifty-open-on-a-flat-note-1044602.html" target="_blank">Sensex, Nifty open on a flat note</a></strong></p>.<p>Global oil benchmark Brent crude futures declined 0.49 per cent to $85.98 per barrel.</p>.<p>Stronger US dollar and its demand from importers could cap the appreciation bias in the local unit, said Sriram Iyer, Senior Research Analyst at Reliance Securities.</p>.<p>However, fund inflows into the equity markets will lend support, he noted.</p>.<p>Most emerging market and Asian currencies have started mixed amid lack of direction.</p>.<p>"Technically, the USD-INR spot is trading near the 21-daily moving average at 74.84 levels and could bounce back from the level and continue its bullish momentum up to 75.08-75.25 levels. 74.80-74.65 will hold as support levels," Iyer noted.</p>.<p>Moreover, foreign institutional investors were net sellers in the capital market on Tuesday as they offloaded shares worth Rs 2,368.66 crore, as per exchange data.</p>.<p>On the domestic equity market front, the 30-share Sensex was trading 43.53 points or 0.07 per cent higher at 61,393.79, while the broader NSE Nifty advanced 22.70 points or 0.12 per cent to 18,291.10.</p>.<p><strong>Check out latest DH videos here</strong></p>