The Indian rupee on Tuesday, the fell 7 paise to Rs.77.73 per dollar, as a major sell-off in domestic markets and a stronger greenback overseas weighed on investor morale.Forex traders said the rupee was hurt by persistent foreign capital outflows and rising global crude oil prices.

The rupee began at Rs.77.72 on the interbank foreign currency market, with an intraday high of Rs.77.69 and a low of Rs.77.73 versus the US dollar. The rupee ended up at Rs.77.73, down 7 paise from its previous closing of Rs.77.66.

The dollar index, which measures the strength of the greenback against a basket of six currencies, increased 0.22 percent to 102.67. The global oil benchmark, Brent crude futures, fell 0.37 percent to USD.119.07 per barrel.

On  the Indian equity market, the BSE Sensex fell 567.98 points, or 1.02 percent, to 55,107.34, while the broader NSE Nifty down 153.20 points, or 0.92 percent, to 16,416.35. According to exchange data, foreign institutional investors were net sellers in the capital market on Monday, offloading shares worth Rs.2,397.65 crore.

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