Mumbai, June 11. The rupee had lost 20 paise to close at 75.79 against the US dollar on Thursday.
Forex traders said risk appetite remained weak as the US Federal Reserve projected weak growth for 2020. Moreover, foreign fund outflows also dented market mood.
In the interbank forex market, the rupee opened weaker at 75.81 and closed at 75.79 against the US dollar, bringing back some lost prices and falling 20 paise from its last close.
It closed at 75.59 against the US dollar on Wednesday.
During the four-hour trading session, the rupee touched an intra-day high of 75.72 and a low of 75.88.
The US Fed has cut its benchmark short-term rate to near zero and said it will keep interest rates low through 2022.
Meanwhile, the 30-share BSE benchmark Sensex fell 580.39 points to close at 33,666.66 and the broader NSE Nifty fell 168.85 points to close at 9,947.30.
Foreign institutional investors were net sellers in the capital market as they sold shares worth Rs 919.26 crore on Wednesday, according to provisional exchange data.
Global oil benchmark Brent crude futures fell 3.12 percent to .4 40.43 a barrel.
The dollar index, which gauges the strength of the greenback against a basket of six currencies, rose 0.16 percent to 96.11.
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