Rupee falls 16 paise to 68.67 vs USD in early trade

DN Bureau

The rupee tumbled 16 paise to trade at 68.67 against the US dollar in early trade Wednesday amid unabated foreign fund outflows and rising crude oil prices.

Rupee
Rupee

Mumbai: The rupee tumbled 16 paise to trade at 68.67 against the US dollar in early trade Wednesday amid unabated foreign fund outflows and rising crude oil prices.

The rupee opened weak at 68.61 at the interbank forex market and slipped further to 68.67, showing a decline of 16 paise against its previous close.

The dollar index, which gauges the greenback's strength against a basket of six currencies, inched up 0.02 per cent to 97.51.

Meanwhile, brent crude futures, the global oil benchmark, climbed 0.89 per cent to USD 64.73 per barrel.

The 10-year government bond yield was at 6.60 per cent in morning trade.

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