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Rupee slips 14 paise to 71.11 against USD in early trade
The rupee opened on a weak note and declined by 14 paise to 71.11 against the US dollar in opening trade on Thursday after reports that the US-China trade deal signing could be delayed to December weighed on investor community.
Mumbai: The rupee opened on a weak note and declined by 14 paise to 71.11 against the US dollar in opening trade on Thursday after reports that the US-China trade deal signing could be delayed to December weighed on investor community.
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The rupee opened weak at 71.10 at the interbank forex market and then fell further to 71.11, down 14 paise over its last close.
The rupee had settled at 70.97 against the US dollar on Wednesday. Brent crude futures, the global oil benchmark, eased 0.08 per cent to USD 61.69 per barrel.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.04 per cent to 97.99.(PTI)