INSUBCONTINENT EXCLUSIVE:
amid firming crude oil prices and persistent foreign capital outflows
Heavy dollar demand from banks and importers and strengthening of the greenback against major currencies overseas weighed on the domestic
At the Interbank Foreign Exchange (forex) market, the rupee opened lower at 70.90 and fell further to touch the day's low of 71.18
It finally ended at 71.16 per dollar, down by 36 paise against its previous close
The ICE Dollar Index has resumed its upward journey and has reached above 97, the highest level for the last two months," said VK Sharma,
The 30-share BSE Sensex settled 157.89 points, or 0.44 per cent, down at 35,876.22
The broader NSE Nifty lost 47.60 points, or 0.44 per cent, to 10,746.05.Foreign portfolio investors (FPIs) sold shares worth a net Rs 250.23
crore, while domestic institutional investors (DIIs) bought equities to the tune of Rs 1,225.24 crore on Thursday, provisional data
The reference rate for rupee/British pound was fixed at 91.2791 and for rupee/100 Japanese yen at 63.88.
