Mumbai: Extending its losses for the straight third week, the rupee ended lower by 10 paise to 67.92 per dollar persistent dollar demand from importers and banks despite weakness of dollar in the overseas amidst foreign capital outflows despite rise in equity market.
Foreign portfolio investors (FPIs) and foreign institutional investors (FIIs) sold shares net worth of USD 436.95 million dollars during the first four days of the week as per the SEBI's record.
The Indian benchmark sensex rose by 585.76 points or 2.25 per cent to end the week at 26,626.46 on good support from domestic mutual funds.
The rupee opened steady at 67.82 per dollar at the Interbank Foreign Exchange (Forex) Market and hovered in a range of 67.73 and 68.25 before ending the week at 67.92 per dollar, showing a loss of 10 paise or 0.15 per cent. The rupee has dropped by 50 paise or 0.74 per cent in three weeks.
In the global market, the U.S. dollar fell in its final trading day of the year on Friday and the ruble fell as sanctions were announced against Russia.
The euro jumped to its highest in three weeks in holiday-thinned Asian trade, while a drop in US treasury yields on waning risk appetite reduced the greenback's appeal.
China's yuan set to end the year down nearly 7 per cent against the resurgent dollar, making it the worst performing Asian currency of the year.
