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The rupee had closed at 74.52 towards the US greenback on Thursday.

The Indian rupee fell 16 paise to 74.68 towards the US greenback in early commerce on Friday, monitoring destructive home fairness markets and a stronger US greenback.

As well as, uninterrupted overseas fund outflows weighed on investor sentiment, merchants mentioned.

On the Interbank International Trade, the rupee opened at a weaker notice of 74.60, then misplaced extra floor and fell 16 paise from the final near 74.68 towards the US greenback.

The rupee had closed at 74.52 towards the US greenback on Thursday.

The greenback index, which measures the power of the dollar towards a basket of six currencies, fell 0.05% to 96.72.

In the meantime, international oil benchmark Brent crude futures fell 2.26% to $ 80.36 a barrel.

International institutional buyers had been web sellers within the capital market on Thursday as they offered ₹ 2,300.65 crore value of shares, in response to change information.

On the home fairness market entrance, the 30-share Sensex was down 1201.47 factors, or 2.04%, at 57,593.62, whereas the broader NSE Nifty was down 360.90 factors, or 2.06%, at 17,175.35.

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