<p>The rupee declined 17 paise to 73.73 against the US dollar in opening trade on Monday amid weak domestic equities and strengthening American currency in the overseas market.</p>.<p>However, unabated foreign fund inflows and lower crude prices supported the rupee and restricted the fall, forex traders said.</p>.<p>At the interbank forex market, the local unit opened sharply lower at 73.74 against the greenback. It was trading 17 paise down at 73.73 in early deals.</p>.<p>In the previous session, the rupee strengthened by 3 paise to close at 73.56 against the US dollar.</p>.<p>Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading up 0.46 per cent at 90.37.</p>.<p>On the domestic equity market front, the 30-share BSE benchmark Sensex was trading points 7.69 lower at 46,953, and the broader NSE Nifty fell 9.05 points to 13,751.50 in the opening session.</p>.<p>Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 2,720.95 crore on a net basis on Friday, according to exchange data.</p>.<p>Brent crude futures, the global oil benchmark, fell 3.02 per cent to $50.68 per barrel. </p>
<p>The rupee declined 17 paise to 73.73 against the US dollar in opening trade on Monday amid weak domestic equities and strengthening American currency in the overseas market.</p>.<p>However, unabated foreign fund inflows and lower crude prices supported the rupee and restricted the fall, forex traders said.</p>.<p>At the interbank forex market, the local unit opened sharply lower at 73.74 against the greenback. It was trading 17 paise down at 73.73 in early deals.</p>.<p>In the previous session, the rupee strengthened by 3 paise to close at 73.56 against the US dollar.</p>.<p>Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading up 0.46 per cent at 90.37.</p>.<p>On the domestic equity market front, the 30-share BSE benchmark Sensex was trading points 7.69 lower at 46,953, and the broader NSE Nifty fell 9.05 points to 13,751.50 in the opening session.</p>.<p>Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 2,720.95 crore on a net basis on Friday, according to exchange data.</p>.<p>Brent crude futures, the global oil benchmark, fell 3.02 per cent to $50.68 per barrel. </p>