Rupee falls 13 paise to 92.43 against US dollar

In the preceding session on Friday, the rupee hit its lowest intra-day level of 92.47 before ending at its record closing low of 92.30 against the dollar.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.13 per cent lower at 99.98.

Brent crude, the global oil benchmark, was trading higher by 1.03 per cent at USD 104.22 per barrel in futures trade.

On the domestic equity market front, the Sensex rose 139.28 points, or 0.19 per cent, to 74,703.20, while the Nifty went up 51.10 points, or 0.22 per cent, to 23,202.20.

Foreign institutional investors sold equities worth Rs 10,716.64 crore on a net basis on Friday, according to exchange data.

The country’s forex reserves dropped by USD 11.683 billion to USD 716.810 billion during the week ended March 6, the RBI data showed on Friday. In the previous reporting week, the overall reserves had increased by USD 4.885 billion to an all-time high of USD 728.494 billion.