The Indian rupee today fell against the against the US dollar despite strong traction in domestic equity markets. A broad strength in the US dollar weighed on the rupee.

The rupee fell to 76.48 at day's low and was trading at 76.44 in recent trade. Opening at 75.97 per dollar, the rupee strengthened to 75.95 at day's high before giving up gains.

In comparison, the rupee had finished at 76.28 in the previous session. The forex market was closed on Tuesday on account of a holiday on Tuesday.

Meanwhile, the dollar index, which gauges the greenback's strength against the basket of six currencies was trading 0.3% higher at 99.19.

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Rupee drops sharply against US dollar today, a day after rebounding strongly

Broad strength in the US dollar and weak domestic equity markets pushed Indian rupee lower today. The rupee fell to 76.48 a dollar at day's low after opening at 76.30 per US dollar. In comparison, the rupee had closed at 76.07 per USD in the previous session, rebounding strongly after sliding near 77 in the previous session. Weighing on the rupee, domestic stock market index Sensex today was down about 400 points, tracking weak Asian markets.

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India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
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United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

Rupee falls against US dollar, giving up early gains

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