<p>The rupee settled 3 paise lower at 75.18 (provisional) against the US dollar on Thursday tracking strengthening American currency amid worries over mounting Covid-19 cases.</p>.<p>Forex traders said rupee traded in a narrow range as strong dollar, foreign fund outflows and rising <a href="https://www.deccanherald.com/tag/covid-19" target="_blank">Covid-19</a> cases dragged the local unit down, while positive domestic equities supported the rupee and restricted the losses.</p>.<p>At the interbank forex market, the rupee opened at 75.23, and finally settled for the day at 75.18 against the US dollar, registering a loss of 3 paise over its previous close.</p>.<p>It had settled at 75.15 against the US dollar on Wednesday.</p>.<p>During the session, it swung between a high of 75.15 and low of 75.29 against the US dollar.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.06 per cent to 96.13.</p>.<p>On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 145.67 points higher at 36,197.48 and broader NSE Nifty rose 39.70 points to 10,657.90.</p>.<p>Foreign institutional investors were net sellers in the capital market as they offloaded shares worth Rs 221.70 crore on Wednesday, according to provisional exchange data.</p>.<p>Brent crude futures, the global oil benchmark, fell 0.82 per cent to USD 43.43 per barrel.</p>.<p>Meanwhile, the number of cases around the world linked to Covid-19 has crossed 1.35 crore and the death toll has topped 5.84 lakh.</p>.<p>In India, the death toll due the disease rose to 24,915 and the number of infections rose to 9,68,876, according to the health ministry.</p>
<p>The rupee settled 3 paise lower at 75.18 (provisional) against the US dollar on Thursday tracking strengthening American currency amid worries over mounting Covid-19 cases.</p>.<p>Forex traders said rupee traded in a narrow range as strong dollar, foreign fund outflows and rising <a href="https://www.deccanherald.com/tag/covid-19" target="_blank">Covid-19</a> cases dragged the local unit down, while positive domestic equities supported the rupee and restricted the losses.</p>.<p>At the interbank forex market, the rupee opened at 75.23, and finally settled for the day at 75.18 against the US dollar, registering a loss of 3 paise over its previous close.</p>.<p>It had settled at 75.15 against the US dollar on Wednesday.</p>.<p>During the session, it swung between a high of 75.15 and low of 75.29 against the US dollar.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.06 per cent to 96.13.</p>.<p>On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 145.67 points higher at 36,197.48 and broader NSE Nifty rose 39.70 points to 10,657.90.</p>.<p>Foreign institutional investors were net sellers in the capital market as they offloaded shares worth Rs 221.70 crore on Wednesday, according to provisional exchange data.</p>.<p>Brent crude futures, the global oil benchmark, fell 0.82 per cent to USD 43.43 per barrel.</p>.<p>Meanwhile, the number of cases around the world linked to Covid-19 has crossed 1.35 crore and the death toll has topped 5.84 lakh.</p>.<p>In India, the death toll due the disease rose to 24,915 and the number of infections rose to 9,68,876, according to the health ministry.</p>