ZCZC
BCN-32
INDIA-RUPEE-USD
Rupee slips 21 paise to 71.24 vs USD in early trade
Mumbai, Jan 18, 2019 (BSS/PTI) – The rupee Friday depreciated 21 paise to
71.24 in early trade in the forex market amid strengthening American currency
and rising crude prices.
Forex traders said strengthening of the US dollar against some currencies
overseas weighed on the local unit.
At the Interbank Foreign Exchange, the rupee opened on a weak note at
71.12, then fell further to 71.24 against the US dollar, showing a decline of
21 paise over it’s previous closing.
On Thursday, the rupee had settled 21 paise higher at 71.03 against the US
dollar.
Traders said, fresh foreign fund inflows and positive opening in domestic
equities capped the losses for the domestic unit.
Foreign funds bought shares worth Rs 842.13 crore from the capital markets
on a net basis Thursday, while domestic institutional investors sold shares
worth Rs 727.46 crore, provisional data showed.
The global benchmark, brent crude oil was trading at USD 61.73 per barrel,
higher by 0.90 per cent.
Meanwhile, domestic equity market opened marginally higher. The 30-share
BSE benchmark Sensex, opened at 36,417.58, up 43.5 points in early trade.
BSS/AFP/HR/1200