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Rupee slips 5 paise to 71.17 against USD in early trade
The Indian rupee opened on a flat note and fell 5 paise to 71.17 against the US dollar in early trade on Monday tracking muted opening in domestic equities.
Mumbai: The Indian rupee opened on a flat note and fell 5 paise to 71.17 against the US dollar in early trade on Monday tracking muted opening in domestic equities.
The Indian rupee on Friday had closed at 71.12 against the US dollar. Meanwhile, brent crude futures, the global oil benchmark, fell 0.32 per cent to USD 65.93 per barrel.
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Domestic bourses opened on a cautious note on Monday with benchmark indices Sensex trading 22.14 points down at 41,659.40 and Nifty lower by 10.75 points at 12,261.05.
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.04 per cent to 97.65.
Also Read: Rupee rises 33 paise to 70.50 against USD in early trade
Meanwhile, on the global front, Beijing will lower import tariffs on over 850 products, including frozen pork, from January next year, the finance ministry said on Monday, which may help ease the pressure on the country's depleted pork supply.(PTI)