<p>The rupee appreciated further by 10 paise to settle at 77.24 (provisional) against the US dollar on Wednesday as the American currency retreated from its 20-year high levels.</p>.<p>At the interbank forex market, the domestic unit opened at 77.24 against the US dollar. It moved in a range of 77.17 to 77.31 during the day trade.</p>.<p>The rupee finally closed at 77.24, registering a rise of 10 paise over its previous close. On Tuesday, the rupee had settled at 77.34 against the American currency.</p>.<p>"Rupee consolidated in a narrow range after falling to fresh all-time lows earlier this week. On the domestic front, market participants remained cautious ahead of the inflation number that will be released on Thursday.</p>.<p>"Expectation is that the number could come above the 7 per cent mark. From the US, CPI number will be released and is also expected to remain elevated," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services.</p>.<p>The dollar index traded below the 20-year high level of 104.49 that it breached early this week ahead of the release of inflation data in the US. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.39 per cent lower at 103.51.</p>.<p>On the domestic equity market front, the 30-share BSE Sensex ended 276.46 points or 0.51 per cent lower at 54,088.39, while the broader NSE Nifty fell 72.95 points or 0.45 per cent to 16,167.10.</p>.<p>Brent crude futures, the global oil benchmark, spurted by 3.26 per cent to USD 105.80 per barrel.</p>.<p>Foreign institutional investors were net sellers in the capital market on Tuesday as they offloaded shares worth Rs 3,960.59 crore, as per stock exchange data. </p>
<p>The rupee appreciated further by 10 paise to settle at 77.24 (provisional) against the US dollar on Wednesday as the American currency retreated from its 20-year high levels.</p>.<p>At the interbank forex market, the domestic unit opened at 77.24 against the US dollar. It moved in a range of 77.17 to 77.31 during the day trade.</p>.<p>The rupee finally closed at 77.24, registering a rise of 10 paise over its previous close. On Tuesday, the rupee had settled at 77.34 against the American currency.</p>.<p>"Rupee consolidated in a narrow range after falling to fresh all-time lows earlier this week. On the domestic front, market participants remained cautious ahead of the inflation number that will be released on Thursday.</p>.<p>"Expectation is that the number could come above the 7 per cent mark. From the US, CPI number will be released and is also expected to remain elevated," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services.</p>.<p>The dollar index traded below the 20-year high level of 104.49 that it breached early this week ahead of the release of inflation data in the US. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.39 per cent lower at 103.51.</p>.<p>On the domestic equity market front, the 30-share BSE Sensex ended 276.46 points or 0.51 per cent lower at 54,088.39, while the broader NSE Nifty fell 72.95 points or 0.45 per cent to 16,167.10.</p>.<p>Brent crude futures, the global oil benchmark, spurted by 3.26 per cent to USD 105.80 per barrel.</p>.<p>Foreign institutional investors were net sellers in the capital market on Tuesday as they offloaded shares worth Rs 3,960.59 crore, as per stock exchange data. </p>