Dynamite News
Rupee skids 18 paise to 69.89 vs USD in early trade
The rupee depreciated by 18 paise to 69.89 against the US dollar in early trade Thursday amid heavy sell-off in domestic equity market and foreign fund outflows.
Mumbai: The rupee depreciated by 18 paise to 69.89 against the US dollar in early trade Thursday amid heavy sell-off in domestic equity market and foreign fund outflows.
Forex traders said, the US-China trade concerns also weighed on the domestic currency.
The rupee opened weak at 69.70 at the interbank forex market and then fell further to 69.89, down 18 paise over its last close.
The rupee had settled at 69.71 against the US dollar Wednesday.
Domestic bourses opened on a negative note Thursday with benchmark indices Sensex trading 191.71 points down at 37,606.72 and Nifty down 54.60 points at 11,304.85.(PTI)