Rupee slips 19 paise to 71.47 against USD in early trade | Editorji
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Rupee slips 19 paise to 71.47 against USD in early trade

Jan 30, 2020 13:51 IST

The rupee fell 19 paise to 71.47 against the US dollar in opening trade on Thursday, tracking weak opening in domestic equities after the US Federal reserve kept the interest rates unchanged. Market participants further said that factors like foreign fund outflows and a high safe-haven demand in Dollar index also weighed on the local unit. However, Brent crude futures fell 1.07% to $59.17 per barrel supporting the domestic currency.

Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out ₹1,014.27 crore on Wednesday as per the provisional data.

Domestic bourses opened on a negative note on Thursday with benchmark indices Sensex trading 229 points down at 40,969 and Nifty down 49 points at 12,079.

 

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