Dynamite News Rupee slips 14 paise to 71.11 against USD in early trade
The rupee opened on a weak note and declined by 14 paise to 71.11 against the US dollar in opening trade on Thursday after reports that the US-China trade deal signing could be delayed to December weighed on investor community.
Mumbai: The rupee opened on a weak note and declined by 14 paise to 71.11 against the US dollar in opening trade on Thursday after reports that the US-China trade deal signing could be delayed to December weighed on investor community.
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The rupee opened weak at 71.10 at the interbank forex market and then fell further to 71.11, down 14 paise over its last close.
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The rupee had settled at 70.97 against the US dollar on Wednesday. Brent crude futures, the global oil benchmark, eased 0.08 per cent to USD 61.69 per barrel.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.04 per cent to 97.99.(PTI)