Extending its losses for the third straight day on Thursday, the rupee opened 19 paise down at 64.34 against dollar on account of buying of American currency by banks and importers amid subdued global markets.
Meanwhile, the benchmark equity index BSE Sensex opened 191 points down at 30,466.82, while the 50-share NSE Nifty index slipped below the psychological level of 9,500.
For Thursday’s trading session, Angel Broking said, “USDINR spot is likely to depreciate tracking losses in the Asian currency markets.”
The local currency on Wednesday closed 7 paise down at 64.15 against dollar.
Foreign portfolio investors (FPIs) bought shares worth Rs 1,044.19 crore on Wednesday with gross purchases and gross sales of Rs 5,768.74 crore and Rs 4,724.55 crore, respectively.
Government bonds ended little changed, as domestic equity indices continued to consolidate, amid political concerns in the US.
The benchmark 6.97 per cent 2026 bond yield rose mildly to 6.68 per cent from 6.67 per cent in the previous session.