Dynamite News
Rupee slips 9 paise to 71.80 against USD in early trade
The rupee opened on a weak note and fell 9 paise to 71.80 against the US dollar in opening trade on Wednesday as US-China trade deal concerns weighed on the investor community.
Mumbai: The rupee opened on a weak note and fell 9 paise to 71.80 against the US dollar in opening trade on Wednesday as US-China trade deal concerns weighed on the investor community.
Also Read: Equity indices flat in early trading, PSU banks gain
The rupee opened weak at 71.80 at the interbank forex market, down 9 paise over its last close. The rupee had settled at 71.71 against the US dollar on Tuesday.
Brent crude futures, the global oil benchmark, eased 0.15 per cent to USD 60.82 per barrel. On the domestic market front, benchmark indices Sensex was trading 172.52 points higher at 40,642.22 and Nifty was up 45.85 points at 11,985.95.
Also Read: Sensex ends 72 pts lower; Yes Bank drops 4 pc
The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.03 per cent to 97.88.
The 10-year government bond yield was at 6.47 per cent in morning trade.(PTI)