By laksh5382 
The rupee on Thursday declined 9 paise to close at ₹84.49 (provisional) against the US dollar due to negative trend in domestic equities and broad-based strengthening of the American currency in overseas markets.
Forex traders said a mixed to weak trend in crude oil prices offset the decline.
At the interbank foreign exchange, the rupee opened at ₹84.45 and touched a low of ₹84.50 against the greenback during the intra-day. The unit ended the session at ₹84.49 (provisional) against the dollar, registering a decline of 9 paise over its previous close. On November 21, the rupee reached its lowest closing level of ₹84.50.
On Wednesday, the rupee fell 11 paise to close at Rs 84.40 against the US dollar.
“We expect the rupee to trade with a negative bias due to strengthening US dollar and dollar demand from importers towards the end of the month. However, overall weakness in crude oil prices and fresh FII inflows will keep the rupee at lower levels. Can get support.
“US markets will remain closed today in observance of Thanksgiving holiday. USD-INR spot price is expected to range between ₹84.35 to ₹84.70,” said Anuj Chaudhary, Research Analyst, Mirae Asset Sharekhan.
According to traders, the latest Federal Open Market Committee (FOMC) minutes revealed a significant change in the Federal Reserve’s approach. The Fed is likely to put downward pressure on short-term interest rates, which will reduce the appeal of dollar-denominated assets and contribute to a decline in the dollar index.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.25 percent higher at 106.34.
Global oil benchmark Brent crude rose 0.08 percent to $72.89 a barrel in futures trade.
In the domestic equity market, the 30-share BSE Sensex was down 1,190.34 points or 1.48 per cent at 79,043.74, while the Nifty was down 360.75 points or 1.49 per cent at 23,914.15.
According to exchange data, foreign institutional investors (FIIs) infused ₹7.78 crore in the capital market on a net basis on Wednesday.