Dynamite News
Rupee slips 11 paise to 69.05 vs USD in early trade
The rupee opened on a cautious note and fell 11 paise to 69.05 against the US dollar in early trade Tuesday amid strengthening of the greenback vis-a-vis other currencies overseas, even as crude oil prices eased.
Mumbai: The rupee opened on a cautious note and fell 11 paise to 69.05 against the US dollar in early trade Tuesday amid strengthening of the greenback vis-a-vis other currencies overseas, even as crude oil prices eased.
The Indian rupee Monday had closed at 68.94 against the US dollar.
Traders said some easing in brent crude prices and foreign fund inflows supported the domestic currency and restricted the downfall. Meanwhile, brent crude futures, the global oil benchmark, fell 0.22 per cent to USD 64.92 per barrel.
Domestic bourses opened on a cautious note Tuesday with benchmark indices Sensex trading 7.50 points up at 39,694.00 and Nifty up 3.75 points at 11,869.35.