ZCZC
BCN-16
INDIA-RUPEE-USD
Rupee falls 16 paise to 68.67 vs USD in early trade
Mumbai, Jul 10, 2019 (BSS/PTI) – The rupee tumbled 16 paise to trade at
68.67 against the US dollar in early trade Wednesday amid unabated foreign
fund outflows and rising crude oil prices.
The rupee opened weak at 68.61 at the interbank forex market and slipped
further to 68.67, showing a decline of 16 paise against its previous close.
The domestic unit had rebounded 15 paise to close at 68.51 against the US
dollar Tuesday on fag-end selling of the greenback by banks and importers in
line with a late recovery in domestic equities.
Foreign institutional investors (FIIs) remained net sellers in the capital
markets, pulling out Rs 674.26 crore Tuesday, provisional data with the
exchanges showed.
After gyrating more than 200 points in opening session, the 30-share BSE
Sensex was trading 110.33 points, or 0.28 per cent, higher at 38,841.15 at
0950 hours. Similarly, the broader NSE Nifty rose 36.80 points, or 0.29 per
cent, to 11,589.45.
The dollar index, which gauges the greenback’s strength against a basket of
six currencies, inched up 0.02 per cent to 97.51.
Meanwhile, brent crude futures, the global oil benchmark, climbed 0.89 per
cent to USD 64.73 per barrel.
The 10-year government bond yield was at 6.60 per cent in morning trade.
BSS/PTI/HR/1105