Dollar vs Rupee: After the rise, the rupee fell heavily, fell by 21 paise to reach 86.61 per dollar.

Mumbai: The rupee fell 21 paise to close at 86.61 against the US dollar in the interbank foreign exchange market on Thursday. The rupee depreciated due to strengthening of dollar abroad, rise in crude oil prices and withdrawal of foreign funds. Forex traders said positive domestic stock markets had provided some relief to the local currency at lower levels. At the interbank foreign exchange market, the rupee opened at 86.42 and after touching the day's high of 86.37, ended the session at 86.61 per dollar, a huge fall of 21 paise from its previous close.

On Wednesday, the rupee closed at 86.40 against the dollar with a rise of 13 paise. A day before this, it had closed with a rise of 17 paise from its lowest level.

The main reason behind the fall of rupee

Anuj Chaudhary, research analyst at Mirae Asset Sharekhan, said the rupee declined due to increased demand for the dollar by importers. He said importers may continue to buy dollars, which may put pressure on the rupee. Traders can take cues from retail sales and weekly unemployment claims data from the US. The dollar-rupee spot price is expected to be in the range of Rs 86.35 to Rs 86.75.

Dollar index up 0.05 percent

Meanwhile, the dollar index, which reflects the position of the US dollar against six major currencies, rose by 0.05 percent to 108.97. In futures trade, international standard Brent crude fell 0.12 percent to $ 81.93 per barrel. Analysts said concerns over geopolitical uncertainties are likely to increase volatility in the dollar and crude oil until US President Donald Trump takes office next week.

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Brightness returned to the domestic stock market

In the domestic stock market, BSE Sensex based on 30 shares rose 318.74 points to close at 77,042.82 points, while National Stock Exchange's Nifty rose 98.60 points to 23,311.80 points. According to stock market data, foreign institutional investors (FIIs) were net sellers in the capital market. He sold shares worth a net Rs 4,341.95 crore on Thursday.