Dynamite News
Rupee slips 28 paise against US dollar in early trade
The rupee Friday fell 28 paise to trade at 69.72 against the US dollar in early trade following foreign fund outflows and rising crude prices after Iran said it had shot down a US military drone.
Mumbai: The rupee Friday fell 28 paise to trade at 69.72 against the US dollar in early trade following foreign fund outflows and rising crude prices after Iran said it had shot down a US military drone.
At the interbank foreign exchange (forex) market, the domestic currency opened sharply lower at 69.75 against the dollar. However, it recovered some lost ground in the early deals to trade at 69.72, registering a fall of 28 paise. The rupee had settled at 69.44 against the US dollar Thursday.
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The BSE Sensex was trading 136.59 points, or 0.34 per cent, lower at 39,465.04 at 0930 hours. Similarly, the broader NSE Nifty was quoting 32.25 points, or 0.27 per cent, down at 11,799.50.
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.10 per cent to 96.53.