Rupee slips 28 paise to 71.35 against USD in early trade

DN Bureau

The Indian rupee opened on a cautious note and fell 28 paise to 71.35 against the US dollar in early trade on Thursday amid rising crude oil prices and unabated foreign fund outflows.

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Mumbai: The Indian rupee opened on a cautious note and fell 28 paise to 71.35 against the US dollar in early trade on Thursday amid rising crude oil prices and unabated foreign fund outflows.

Also Read: Sensex tumbles over 310 pts; Nifty slips below 11,500

The Indian rupee on Tuesday had closed at 71.07 against the US dollar. Forex market was closed on Wednesday on account of Mahatma Gandhi Jayanti.

Meanwhile, brent crude futures, the global oil benchmark, rose 0.03 per cent to USD 57.71 per barrel.

Also Read: Rupee rises 12 paise to 70.75 against USD in early trade 

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.02 per cent to 99.04. The 10-year government bond yield was at 6.62 per cent in morning trade.(PTI)

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