Dynamite News
Rupee slips 11 paise to 71.12 against USD in early trade
The Indian rupee opened on a cautious note and fell 11 paise to 71.12 against the US dollar in early trade on Wednesday amid rising demand for the US dollar vis-a-vis other currencies overseas.
Mumbai: The Indian rupee opened on a cautious note and fell 11 paise to 71.12 against the US dollar in early trade on Wednesday amid rising demand for the US dollar vis-a-vis other currencies overseas.
Also Read: Sensex tanks over 300 pts; Nifty tests 11,500
The Indian rupee on Tuesday had closed at 71.01 against the US dollar.
Domestic bourses opened on a negative note on Wednesday with benchmark indices Sensex trading 304.71 points down at 38,792.43 and Nifty lower by 82.05 points at 11,506.15.
Also Read: Rupee rises 22 paise to 70.72 against USD in early trade
The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.19 per cent to 98.52. (PTI)