ZCZC
BCN-11
INDIA-RUPEE-USD
Rupee opened flat at 69.58 vs USD in early trade
Mumbai, Jun 24, 2019 (BSS/PTI) – The rupee opened on a flat note at 69.58
against the US dollar in opening trade Monday amid rising crude oil prices
and foreign fund outflows.
Forex traders said the domestic currency was under pressure and was trading
in a narrow range after media report surfaced that Viral Acharya has quit as
RBI deputy governor.
As per reports Acharya has resigned six months before the scheduled end of
his term.
The rupee opened at 69.58 at the interbank forex market, unchanged from its
previous closing level.
Forex traders said, rising crude oil prices, foreign fund outflows and
cautious opening in domestic equities kept investors edgy.
Brent crude futures, the global oil benchmark, rose 0.38 per cent to USD
65.45 per barrel.
Foreign institutional investors (FIIs) remained net sellers in the capital
markets, pulling out Rs 730.58 crore Friday, as per provisional data.
Domestic bourses opened on a cautious note Monday with benchmark indices
Sensex trading 26.44 points down at 39,220.93 and Nifty down 5.55 points at
11,729.65.
BSS/PTI/HR/1050