The rupee fell by 27 paisas to a record low of 78.40 U.S. dollars.

As measured against a basket of six different currencies, the dollar index rose by 0.05 percent today.

Unrelenting outflows of foreign funds and losses in Indian stocks have pushed the rupee down to a historic low of 78.40 (provisional) versus the US dollar on Wednesday.

Forex traders claimed the rupee’s mood was also harmed by a higher US dollar offshore. Reductions in crude oil prices have, however, limited the rupee’s losses, they said.

The local currency began flat versus the dollar at 78.13 on the interbank foreign exchange market and had an intraday high of 78.13 and a low of 78.40.

Final closing price was 78.40, down 27 paise from the previous day’s finish. The rupee’s value versus the dollar had previously been set at 78.13.

The dollar index, which measures the strength of the greenback against a basket of six other currencies, rose by 0.05 percent to 104.48.25.

(Brent crude futures) fell 4.46 percent to $109.54 a barrel, the global benchmark.

A 1.35-percent drop in local equities markets saw the BSE Sensex close at 51,822.53 and the wider NSE Nifty fall 225.50 points to 15,413.30.

A total of 2,701.21 crore was sold by foreign institutional investors in the Indian capital market on Monday, according to stock exchange statist

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