Friday, May 29, 2020 | Last Update : 07:25 AM IST

65th Day Of Lockdown

Maharashtra56948179181897 Tamil Nadu185459909136 Delhi152577264303 Gujarat152057549938 Rajasthan79474566178 Madhya Pradesh72613927313 Uttar Pradesh69913991182 West Bengal41921578289 Andhra Pradesh3245213359 Bihar300680014 Karnataka249379347 Punjab2106191840 Telangana2098132163 Jammu and Kashmir192185426 Odisha16608877 Haryana138183818 Kerala10885558 Assam832884 Uttarakhand493794 Jharkhand4621914 Chandigarh3641894 Chhatisgarh364830 Tripura2421650 Himachal Pradesh223634 Goa68370 Puducherry49170 Meghalaya20121 Nagaland1800 Manipur540 Arunachal Pradesh210 Mizoram110 Sikkim100

Rupee slips 9 paise against US dollar in early trade

PTI
Published : Feb 7, 2020, 10:20 am IST
Updated : Feb 7, 2020, 10:20 am IST

The rupee opened weak at 71.26 at the interbank forex market and then fell further to 71.27.

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.05 per cent to 98.44.
 The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.05 per cent to 98.44.

Mumbai: The rupee opened on a weak note and declined by 9 paise to 71.27 against the US dollar in opening trade on Friday, tracking weak opening in domestic equities and foreign fund outflows.

Forex traders said weak opening in domestic equities, rising crude oil prices and foreign fund outflows dragged the local unit, but weakening of the American currency in the overseas market supported the rupee.

The rupee opened weak at 71.26 at the interbank forex market and then fell further to 71.27, down 9 paise over its last close.

The rupee had settled at 71.18 against the US dollar on Thursday.

Brent crude futures, the global oil benchmark, rose 0.31 per cent to USD 55.10 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital markets, as they sold shares worth Rs 560.36 crore on Thursday, as per provisional data.

Domestic bourses opened on a negative note on Friday with benchmark indices Sensex trading 27.18 points down at 41,278.85 and Nifty down 24.65 points at 12,113.30.

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.05 per cent to 98.44.

The 10-year government bond yield was at 6.42 per cent in morning trade.

Tags: rupee, dollar, american currency, indian currency
Location: India, Maharashtra, Mumbai (Bombay)
ADVERTISEMENT
ADVERTISEMENT