Rupee falls 17 paise against US dollar in early trade

DN Bureau

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.

File Photo
File Photo

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.

Also Read: Dynamite News UPSC Conclave 2019- A mega event with three woman-IAS toppers at one platform

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.

Also Read: Sanjay Kothari, Secretary to the President of India- Choice of subjects is the basis of success in UPSC exam

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.02 per cent to 98.19. (PTI)
 

(Download the Dynamite News app from here. You can also follow us on Facebook and Twitter.)






Related Stories