ZCZC
BCN-09
INDIA-RUPEE-USD
Rupee slips 7 paise to 69.24 vs USD in early trade
Mumbai, Apr 15, 2019 (BSS/PTI) – The rupee fell 7 paise to 69.24 against
the US dollar in opening trade Monday on increased demand for the greenback
from importers and banks.
Forex dealers said strengthening of the American currency in the overseas
market weighed on the domestic unit.
However, sustained foreign fund inflows and positive opening in domestic
equities supported the rupee and restricted the fall.
The rupee opened strong at 69.07 at the interbank forex market, then lost
ground and fell to 69.24 down 7 paise over its last close.
The rupee had settled at 69.17 against the US dollar on Friday.
Foreign institutional investors (FIIs) remained net buyers in the capital
markets, putting in Rs 897.45 crore Friday, as per provisional data.
Meanwhile, brent crude futures, the global oil benchmark, fell 0.14 per
cent to trade at USD 71.45 per barrel.
Benchmark equity index Sensex was trading 78.27 points up at 38,845.38, and
the broader Nifty was at 11,671.20 points, up 27.75 points.
BSS/AFP/HR/1140