Rupee slips against dollar in opening trade

DN Bureau

The rupee slipped to 70.93 against the US currency in opening trade on Friday amid a stronger dollar in overseas markets.

File Photo

Mumbai: The rupee slipped to 70.93 against the US currency in opening trade on Friday amid a stronger dollar in overseas markets.

Also Read: Sensex tanks over 300 pts; Nifty tests 11,500

The domestic currency was trading lower by 5 paise at 70.93 at 0925 hrs against the US currency. The rupee moved in a range of 70.93 to 70.89 at the interbank foreign exchange market in opening trade. It had closed at 70.88 on Thursday on foreign fund inflows.

The US dollar rose to multi-weeks high against major global currencies as the impeachment probe into US President Donald Trump weighed on investor sentiment.

Also Read: Rupee slips 11 paise to 71.12 against USD in early trade 

Domestic stocks declined in the early trade amid weak global cues. Market benchmark BSE Sensex was down by 14.91 points or 0.04 per cent at 38,974.83 while the broader NSE Nifty slipped by 18.3 points or 0.16 per cent to 11,552.90.

(Download the Dynamite News app from here. You can also follow us on Facebook and Twitter.)






Related Stories