Dynamite News Rupee slips 9 paise to 71.57 vs USD in early trade
The rupee depreciated marginally by 9 paise to 71.57 against the US dollar in early trade on Wednesday amid unabated foreign fund outflows and cautious opening in domestic equities.
Mumbai: The rupee depreciated marginally by 9 paise to 71.57 against the US dollar in early trade on Wednesday amid unabated foreign fund outflows and cautious opening in domestic equities.
Forex traders said concerns about US-China trade spat kept market participants edgy. Rupee and most Asian currencies like South Korean won, Thai Baht, Malaysian ringgit, Japanese yen and Indonesian rupiah were trading lower, they added.
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Rupee rises 21 paise to 70.64 against USD in early trade
The Indian rupee on Tuesday had closed at 71.48 against the US dollar.
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Brent crude futures, the global oil benchmark, rose 0.67 per cent to USD 59.91 per barrel. Domestic bourses opened on a cautious note on Wednesday with benchmark indices Sensex trading 28.78 points down at 37,612.49 and Nifty higher by 11.50 points at 11,093.85. (PTI)