ZCZC
BCN-07
INDIA-RUPEE-USD
Rupee slips 5 paise to 71.17 against USD in early trade
Mumbai, Dec 23, 2019 (BSS/PTI) – The Indian rupee opened on a flat note and
fell 5 paise to 71.17 against the US dollar in early trade on Monday tracking
muted opening in domestic equities.
At the interbank foreign exchange, the rupee opened at 71.15 then fell to
71.17 against the US dollar, showing a decline of 5 paise over its previous
closing.
The Indian rupee on Friday had closed at 71.12 against the US dollar.
Meanwhile, brent crude futures, the global oil benchmark, fell 0.32 per cent
to USD 65.93 per barrel.
Foreign institutional investors (FIIs) remained net buyers in the capital
markets, as they purchased shares worth Rs 338.86 crore on Friday, as per
provisional data.
Domestic bourses opened on a cautious note on Monday with benchmark indices
Sensex trading 22.14 points down at 41,659.40 and Nifty lower by 10.75 points
at 12,261.05.
The dollar index, which gauges the greenback’s strength against a basket of
six currencies, fell 0.04 per cent to 97.65.
The 10-year government bond yield was at 6.58 per cent in morning trade.
Meanwhile, on the global front, Beijing will lower import tariffs on over 850
products, including frozen pork, from January next year, the finance ministry
said on Monday, which may help ease the pressure on the country’s depleted
pork supply.
BSS/AFP/HR/1250