Rupee slips 10 paise to 69.14 vs USD in early trade

DN Bureau

The chief trade negotiators of the US and China are slated to meet for the 12th round of the high-level economic and trade consultations here from July 30 to July 31, according to the Chinese Ministry of Commerce.

File Photo
File Photo

Mumbai: The rupee opened on a cautious note and fell 10 paise to 69.14 against the US dollar in early trade Friday amid rising crude oil prices and foreign fund outflows.

At the Interbank Foreign Exchange, the rupee opened weak at 69.12 then fell to 69.14 against the US dollar, showing a decline of 10 paise over its previous closing. The local unit however pared some losses and was trading at 69.05 against the American currency at 1005 hrs.

The Indian rupee on Thursday had closed at 69.04 against the US dollar.

Domestic bourses opened on a cautious note Friday with benchmark indices Sensex trading 90.13 points down at 37,737.62 and Nifty down 25.35 points at 11,226.80.

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