Rupee decreases 36 paisas to end the day at 79.61 versus the US dollar
The local currency started out in the interbank foreign exchange market at 79.22 and reached an intraday high of 79.22 and a low of 79.69 versus the US dollar.
![Rupee decreases 36 paisas to end the day at 79.61 versus the US dollar](http://theglobalentrepreneur.in/uploads/images/202208/image_750x_62f4f4fc06c33.jpg)
In line with rising crude oil prices, the rupee lost 36 paise on Thursday to end the day at 79.61 (provisional).
The local currency's intraday high and low values versus the US dollar at the interbank foreign exchange market were 79.22 and 79.69, respectively.
At 79.61 in the end, it was down 36 pence from its previous close of 79.25. Forex traders said that the rupee would likely trade in the near future on a mixed note. FII inflows and domestic market recovery from lower levels could help the local unit. Forex traders said that the rupee would likely trade in the near future on a mixed note.
The dollar index, which measures the value of the US dollar against a basket of six different currencies, dropped 0.23 percent to 104.95 in the meantime as official data revealed that US inflation decreased in July from a 40-year high in June to 8.5% due to reduced gasoline costs. Investors will now pay close attention to important domestic macroeconomic data indicators, such as the results for the Friday trade balance and the IIP, CPI, and consumer price index.
The international oil benchmark, Brent crude futures, increased by 0.84 percent to USD 98.22 a barrel. The BSE Sensex closed 515.31 points or 0.88 percent higher at 59,332.60 points on the domestic equity market, while the larger NSE Nifty gained 124.25 points or 0.71 percent to 17,659.00 points.
According to exchange data, foreign institutional investors continued to be net purchasers on Wednesday, buying shares worth Rs 1,061.88 crore.