Rupee slips 16 paise, touches 72/USD level in early trade : The Tribune India

Join Whatsapp Channel

Rupee slips 16 paise, touches 72/USD level in early trade

MUMBAI: The Indian rupee opened on a cautious note and fell 16 paise to 72 per US dollar in early trade on Tuesday amid rising demand for the US dollar vis-a-vis other currencies overseas and unabated foreign fund outflows.

Rupee slips 16 paise, touches 72/USD level in early trade

Forex traders said trading in emerging market currencies were subdued tracking cautious opening in domestic equities.



Mumbai, November 19

The Indian rupee opened on a cautious note and fell 16 paise to 72 per US dollar in early trade on Tuesday amid rising demand for the US dollar vis-a-vis other currencies overseas and unabated foreign fund outflows.

Forex traders said trading in emerging market currencies were subdued tracking cautious opening in domestic equities.

At the interbank foreign exchange, the rupee opened at 71.97 then fell to 72 against the US dollar, showing a decline of 16 paise over its previous close.

The Indian rupee on Monday had closed at 71.84 against the US dollar.

Traders were also awaiting fresh cues on the potential US-China trade deal.

Meanwhile, brent crude futures, the global oil benchmark, fell 0.24 per cent to USD 62.29 per barrel. PTI

        

Top News

Chief Judicial Magistrate's court in UP's Banda orders judicial inquiry into death of gangster-politician Mukhtar Ansari

UP court orders judicial probe into Mukhtar Ansari’s death

The CJM has sought the probe report within a month

‘Heart attack or poisoning’: The life and times of Mukhtar Ansari—crime and politics

‘Heart attack or poisoning’: The life and times of Mukhtar Ansari—crime and politics

Eastern parts of Uttar Pradesh are among the poorest regions...

Alka Rai, widow BJP MLA killed by Mukhtar Ansari, says 'justice has been served', visits Ram Mandir

Alka Rai, widow BJP MLA killed by Mukhtar Ansari, says 'justice has been served', visits Ram Mandir

Alka Rai is the wife of MLA Krishanand Rai, who was shot dea...

Cash-strapped Congress gets fresh IT notice of Rs 1,700 crore, say party insiders

Cash-strapped Congress gets fresh I-T notice of Rs 1,800 crore

Ajay Maken addresses a press conference

Special court convicts 7 people in BSP MLA Raju Pal murder case

Special court convicts 7 people in BSP MLA Raju Pal murder case

The proceedings against Atiq Ahmad, his brother and prime ac...


Cities

View All