<p> The rupee depreciated 19 paise to 75.90 against the US dollar in opening trade on Thursday tracking weak Asian currencies amid escalation of tension between the US and China.</p>.<p>Forex traders said rising US-China tension weighed on the local currency even as positive domestic equities and improving risk appetite supported the local unit.</p>.<p>The rupee opened weak at 75.90 at the interbank forex market, down 19 paise over its last close.</p>.<p>It had settled at 75.71 against the US dollar on Wednesday.</p>.<p>"Asian currencies are weak this Thursday morning after US President Donald Trump said he was working on a strong response to China's proposed security law in Hong Kong," Reliance Securities said in a research note.</p>.<p>It further said that currencies could track the local equities during the session amid optimism over the reopening of economies combined with monetary and fiscal support the respective economies.</p>.<p>On the domestic equity market front, the 30-share benchmark Sensex was quoting 321.01 points higher at 31,926.23 and the broader Nifty rose 84.40 points to 9,399.35.</p>.<p>Foreign institutional investors were net sellers in the capital market, as they sold equity shares worth Rs 334.74 crore on Wednesday, according to provisional exchange data.</p>.<p>Brent crude futures, the global oil benchmark, fell 2.48 per cent to USD 33.88 per barrel.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.08 per cent to 98.98.</p>.<p>Meanwhile, in India, the death toll due to COVID-19 rose to 4,531 and the number of cases climbed to over 1.58 lakh in the country, according to the Health Ministry.</p>.<p>The number of cases around the world linked to the disease has crossed over 56.93 lakh and the death toll has topped 3.55 lakh.</p>
<p> The rupee depreciated 19 paise to 75.90 against the US dollar in opening trade on Thursday tracking weak Asian currencies amid escalation of tension between the US and China.</p>.<p>Forex traders said rising US-China tension weighed on the local currency even as positive domestic equities and improving risk appetite supported the local unit.</p>.<p>The rupee opened weak at 75.90 at the interbank forex market, down 19 paise over its last close.</p>.<p>It had settled at 75.71 against the US dollar on Wednesday.</p>.<p>"Asian currencies are weak this Thursday morning after US President Donald Trump said he was working on a strong response to China's proposed security law in Hong Kong," Reliance Securities said in a research note.</p>.<p>It further said that currencies could track the local equities during the session amid optimism over the reopening of economies combined with monetary and fiscal support the respective economies.</p>.<p>On the domestic equity market front, the 30-share benchmark Sensex was quoting 321.01 points higher at 31,926.23 and the broader Nifty rose 84.40 points to 9,399.35.</p>.<p>Foreign institutional investors were net sellers in the capital market, as they sold equity shares worth Rs 334.74 crore on Wednesday, according to provisional exchange data.</p>.<p>Brent crude futures, the global oil benchmark, fell 2.48 per cent to USD 33.88 per barrel.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.08 per cent to 98.98.</p>.<p>Meanwhile, in India, the death toll due to COVID-19 rose to 4,531 and the number of cases climbed to over 1.58 lakh in the country, according to the Health Ministry.</p>.<p>The number of cases around the world linked to the disease has crossed over 56.93 lakh and the death toll has topped 3.55 lakh.</p>