Dynamite News
Rupee falls 17 paise against US dollar in early trade
The rupee depreciated by 17 paise to 71.95 against the US dollar in early trade on Thursday, tracking weak domestic equity market and persistent foreign fund outflows.
Mumbai: The rupee depreciated by 17 paise to 71.95 against the US dollar in early trade on Thursday, tracking weak domestic equity market and persistent foreign fund outflows.
Pessimism over US-China trade talks prospects also put pressure on the domestic unit, forex dealers said. At the interbank foreign exchange, the rupee opened weak at 71.96 and fell further to 72.05 against the US dollar. The domestic currency, however, pared some losses and was trading at 71.95.
The rupee fell 29 paise to close at 71.77 against the US dollar on Wednesday.
The BSE Sensex was trading 215.51 points, or 0.58 per cent, lower at 37,236.33, while the broader Nifty fell 58.90 points, or 0.53 per cent, to 10,987.20 in early trade.
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.02 per cent to 98.19. (PTI)