<p>The Indian rupee fell 21 paise to 75.85 against the US dollar in opening trade on Wednesday, as investors braced for a prolonged period of uncertainty as coronavirus cases rise.</p>.<p>Forex traders said rising brent prices and firm US dollar index weighed on the local unit.</p>.<p><a href="https://www.deccanherald.com/national/coronavirus-india-news-live-updates-statewise-total-number-of-cases-deaths-statistics-lockdown-latest-news-817763.html"><strong>For latest updates on coronavirus outbreak, click here</strong></a></p>.<p>The rupee opened weak at 75.83 at the interbank forex market and then fell further to 75.85, down 21 paise over its last close.</p>.<p>The rupee had settled at 75.64 against the US dollar on Tuesday.</p>.<p>According to Reliance Securities rising brent prices and firm US Dollar Index could limit gains for the rupee.</p>.<p>"Risk appetite could remain weak as US equity markets gave up gains, while Asian equities have started marginally lower this Wednesday morning," it noted.</p>.<p>There are more than 14.30 lakh declared cases of coronavirus worldwide. In India, the tally of confirmed coronavirus cases has crossed the 5000-mark.</p>.<p>Brent crude futures, the global oil benchmark, rose 2.51 per cent to USD 32.67 per barrel.</p>.<p>Foreign institutional investors (FIIs) were net buyers in the capital markets, as they sold bought shares worth Rs 741.77 crore on Tuesday, as per provisional data.</p>.<p>Domestic bourses opened on a bullish note with benchmark indices Sensex trading 1000.14 points up at 31,067.35 and Nifty up 144.75 points at 8,936.95.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.27 per cent to 100.16. </p>
<p>The Indian rupee fell 21 paise to 75.85 against the US dollar in opening trade on Wednesday, as investors braced for a prolonged period of uncertainty as coronavirus cases rise.</p>.<p>Forex traders said rising brent prices and firm US dollar index weighed on the local unit.</p>.<p><a href="https://www.deccanherald.com/national/coronavirus-india-news-live-updates-statewise-total-number-of-cases-deaths-statistics-lockdown-latest-news-817763.html"><strong>For latest updates on coronavirus outbreak, click here</strong></a></p>.<p>The rupee opened weak at 75.83 at the interbank forex market and then fell further to 75.85, down 21 paise over its last close.</p>.<p>The rupee had settled at 75.64 against the US dollar on Tuesday.</p>.<p>According to Reliance Securities rising brent prices and firm US Dollar Index could limit gains for the rupee.</p>.<p>"Risk appetite could remain weak as US equity markets gave up gains, while Asian equities have started marginally lower this Wednesday morning," it noted.</p>.<p>There are more than 14.30 lakh declared cases of coronavirus worldwide. In India, the tally of confirmed coronavirus cases has crossed the 5000-mark.</p>.<p>Brent crude futures, the global oil benchmark, rose 2.51 per cent to USD 32.67 per barrel.</p>.<p>Foreign institutional investors (FIIs) were net buyers in the capital markets, as they sold bought shares worth Rs 741.77 crore on Tuesday, as per provisional data.</p>.<p>Domestic bourses opened on a bullish note with benchmark indices Sensex trading 1000.14 points up at 31,067.35 and Nifty up 144.75 points at 8,936.95.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.27 per cent to 100.16. </p>