<p>The Indian rupee depreciated by 16 paise to 74.68 against the US dollar in opening trade on Friday, tracking the negative domestic equity market and a firm American dollar.</p>.<p>Further, unabated foreign fund outflows weighed on investor sentiment, traders said.</p>.<p>At the interbank foreign exchange, the rupee opened on a weak note at 74.60, then lost further ground and touched 74.68 against the American dollar, registering a decline of 16 paise from the last close.</p>.<p>On Thursday, the rupee had closed at 74.52 against the US dollar.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.05 per cent to 96.72.</p>.<p>Meanwhile, global oil benchmark Brent crude futures declined 2.26 per cent to $80.36 per barrel.</p>.<p>Foreign institutional investors were net sellers in the capital market on Thursday as they offloaded shares worth Rs 2,300.65 crore, as per exchange data.</p>.<p>On the domestic equity market front, the 30-share Sensex was trading 1201.47 points or 2.04 per cent lower at 57,593.62, while the broader NSE Nifty declined 360.90 points or 2.06 per cent to 17,175.35.</p>.<p><strong>Check out DH's latest videos:</strong></p>
<p>The Indian rupee depreciated by 16 paise to 74.68 against the US dollar in opening trade on Friday, tracking the negative domestic equity market and a firm American dollar.</p>.<p>Further, unabated foreign fund outflows weighed on investor sentiment, traders said.</p>.<p>At the interbank foreign exchange, the rupee opened on a weak note at 74.60, then lost further ground and touched 74.68 against the American dollar, registering a decline of 16 paise from the last close.</p>.<p>On Thursday, the rupee had closed at 74.52 against the US dollar.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.05 per cent to 96.72.</p>.<p>Meanwhile, global oil benchmark Brent crude futures declined 2.26 per cent to $80.36 per barrel.</p>.<p>Foreign institutional investors were net sellers in the capital market on Thursday as they offloaded shares worth Rs 2,300.65 crore, as per exchange data.</p>.<p>On the domestic equity market front, the 30-share Sensex was trading 1201.47 points or 2.04 per cent lower at 57,593.62, while the broader NSE Nifty declined 360.90 points or 2.06 per cent to 17,175.35.</p>.<p><strong>Check out DH's latest videos:</strong></p>