Rupee falls 21 paise to 73.13 against US dollar in early trade

rupee depreciated by 21 paise to 73.13 against US dollar in opening tre on Thursday tracking muted opening in domestic equities and strengning American currency. At interbank forex market, domestic unit opened at 73.13 against US dollar, registering a fall of 21 paise over its previous close.  On Wednesday, rupee h settled at 72.92 against American currency. Meanwhile, dollar index, which gauges greenback's strength against a basket of six currencies, rose 0.12 per cent to 90.75.

" US Dollar Index has started higher this Thursday morning in Asian tre amid safe haven appeal for greenback amid weakening risk appetite," Reliance Securities said in a research te.

Asian currencies were weak against greenback and could weigh on sentiments, te ded. Markets will look to cues from US GDP data and a weaker than expected numbers will push more investors towards US dollar and vice versa, te said. US Federal Reserve has decided to stick to its dovish stance and left key overnight interest rate near zero to maintain monetary support until re is a stronger rebound from pandemic-triggered recession.

On domestic equity market front, 30-share BSE benchmark Sensex was tring 336.05 points lower at 47,073.88 and broer NSE Nifty was down 95.60 points at 13,871.90. Foreign institutional investors were net sellers in capital market as y offloed shares worth Rs 1,688.22 crore on a net basis on Wednesday, according to exchange data. Brent crude futures, global oil benchmark, fell 0.61 per cent to USD 55.47 per barrel.