<p>Mumbai: The rupee fell 4 paise to close at 84.02 (provisional) on Wednesday amid a sharp decline in the domestic equity markets as investors stayed away from riskier assets.</p>.<p>However, a weak dollar against major currencies overseas and a drop in crude oil prices capped further losses in the local unit, forex traders said.</p>.<p>At the interbank foreign exchange market, the rupee opened at 83.96 and traded in the range of 83.95-84.01 during the day. The unit moved in a tight range of 83.95-83.97 for most part of the session.</p>.<p>However, it slipped at the fag-end of the trading hours to settle at 84.02 (provisional), 4 paise below its previous close of 83.98.</p>.<p>"...Weak domestic markets and risk aversion in the global markets pressurised the rupee. However, a decline in crude oil prices and FII inflows cushioned the downside. India’s services PMI expanded to 60.9 in August vs forecast of 60.4 and a reading of 60.3 in July," Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas, said.</p>.<p>At the domestic equity markets, Sensex dropped 202.80 points to settle at 82,352.64, while Nifty slipped 81.15 points to 25,198.70.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.17 per cent to 101.65.</p>.<p>Brent crude, the international oil benchmark, declined 0.46 per cent to 73.41 in futures trade.</p>.<p>Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Tuesday, as they purchased shares worth Rs 1,029.25 crore, according to exchange data. </p>
<p>Mumbai: The rupee fell 4 paise to close at 84.02 (provisional) on Wednesday amid a sharp decline in the domestic equity markets as investors stayed away from riskier assets.</p>.<p>However, a weak dollar against major currencies overseas and a drop in crude oil prices capped further losses in the local unit, forex traders said.</p>.<p>At the interbank foreign exchange market, the rupee opened at 83.96 and traded in the range of 83.95-84.01 during the day. The unit moved in a tight range of 83.95-83.97 for most part of the session.</p>.<p>However, it slipped at the fag-end of the trading hours to settle at 84.02 (provisional), 4 paise below its previous close of 83.98.</p>.<p>"...Weak domestic markets and risk aversion in the global markets pressurised the rupee. However, a decline in crude oil prices and FII inflows cushioned the downside. India’s services PMI expanded to 60.9 in August vs forecast of 60.4 and a reading of 60.3 in July," Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas, said.</p>.<p>At the domestic equity markets, Sensex dropped 202.80 points to settle at 82,352.64, while Nifty slipped 81.15 points to 25,198.70.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.17 per cent to 101.65.</p>.<p>Brent crude, the international oil benchmark, declined 0.46 per cent to 73.41 in futures trade.</p>.<p>Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Tuesday, as they purchased shares worth Rs 1,029.25 crore, according to exchange data. </p>