In the previous session, the rupee had settled at 74.71 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, surged 0.05 per cent at 92.45.
On the domestic equity market front, BSE Sensex was trading 127.67 points or 0.24 per cent lower at 52,441.27, while the broader NSE Nifty slipped 26.95 points to 15,700.95.
Foreign institutional investors were net sellers in the capital market on Thursday as they offloaded shares worth Rs 554.92 crore, as per exchange data.
Global oil benchmark Brent crude futures dropped 0.05 per cent to USD 74.08 per barrel.