<p>The rupee declined 49 paise to 75.82 against the US dollar in opening trade on Wednesday amid a weak risk appetite as tensions escalated in Eastern Europe.</p>.<p>Forex traders said sustained foreign fund outflows, a lacklustre trend in domestic equities and elevated crude oil prices weighed on investor sentiment.</p>.<p>At the interbank foreign exchange, the rupee opened at 75.78 against the US dollar, then slipped further to 75.82, registering a decline of 49 paise from the last close.</p>.<p>On Monday, the rupee had settled at 75.33 against the US dollar.</p>.<p>The forex market was closed on Tuesday on account of Mahashivratri.</p>.<p><strong>Read | <a href="https://www.deccanherald.com/business/business-news/sensex-slumps-61355-points-banking-stocks-in-red-1086853.html" target="_blank">Sensex slumps 613.55 points, banking stocks in red</a></strong></p>.<p>"The Rupee opened gap down against the US Dollar this Wednesday, tracking a rebound in the dollar index after ceasefire negotiations between Russian and Ukraine forces failed," said Sriram Iyer, Senior Research Analyst at Reliance Securities.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.01 per cent to 97.41.</p>.<p>Stronger crude oil prices and weaker Asian currencies against the US Dollar could weigh on sentiments, Iyer said.</p>.<p>Meanwhile, global oil benchmark Brent crude futures jumped 5.15 per cent to USD 110.38 per barrel.</p>.<p>Markets will continue to remain volatile, and trade will continue surrounding headlines in Eastern Europe. The RBI could be present to curb excess volatility, Iyer added.</p>.<p>On the domestic equity market front, the 30-share Sensex was trading 748.79 points or 1.33 per cent lower at 55,498.49, while the broader NSE Nifty slipped 177.20 points, or 1.06 per cent, to 16,616.70.</p>.<p>Foreign institutional investors remained net sellers in the capital market on Monday as they offloaded shares worth Rs 3,948.47 crore, as per stock exchange data.</p>.<p><em><strong>Check out the latest DH videos here:</strong></em></p>
<p>The rupee declined 49 paise to 75.82 against the US dollar in opening trade on Wednesday amid a weak risk appetite as tensions escalated in Eastern Europe.</p>.<p>Forex traders said sustained foreign fund outflows, a lacklustre trend in domestic equities and elevated crude oil prices weighed on investor sentiment.</p>.<p>At the interbank foreign exchange, the rupee opened at 75.78 against the US dollar, then slipped further to 75.82, registering a decline of 49 paise from the last close.</p>.<p>On Monday, the rupee had settled at 75.33 against the US dollar.</p>.<p>The forex market was closed on Tuesday on account of Mahashivratri.</p>.<p><strong>Read | <a href="https://www.deccanherald.com/business/business-news/sensex-slumps-61355-points-banking-stocks-in-red-1086853.html" target="_blank">Sensex slumps 613.55 points, banking stocks in red</a></strong></p>.<p>"The Rupee opened gap down against the US Dollar this Wednesday, tracking a rebound in the dollar index after ceasefire negotiations between Russian and Ukraine forces failed," said Sriram Iyer, Senior Research Analyst at Reliance Securities.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.01 per cent to 97.41.</p>.<p>Stronger crude oil prices and weaker Asian currencies against the US Dollar could weigh on sentiments, Iyer said.</p>.<p>Meanwhile, global oil benchmark Brent crude futures jumped 5.15 per cent to USD 110.38 per barrel.</p>.<p>Markets will continue to remain volatile, and trade will continue surrounding headlines in Eastern Europe. The RBI could be present to curb excess volatility, Iyer added.</p>.<p>On the domestic equity market front, the 30-share Sensex was trading 748.79 points or 1.33 per cent lower at 55,498.49, while the broader NSE Nifty slipped 177.20 points, or 1.06 per cent, to 16,616.70.</p>.<p>Foreign institutional investors remained net sellers in the capital market on Monday as they offloaded shares worth Rs 3,948.47 crore, as per stock exchange data.</p>.<p><em><strong>Check out the latest DH videos here:</strong></em></p>