Rupee declines 17 paise in early trade on foreign fund outflows, rising crude prices

At the forex market, the rupee opened weak at 71.22 and slipped further to quote 17 paise down at 71.33 against the US dollar.

Press Trust of India February 15, 2019 12:17:36 IST
Rupee declines 17 paise in early trade on foreign fund outflows, rising crude prices
  • The dollar's gain against major world currencies also impacted the rupee sentiment

  • At the forex market, the rupee opened weak at 71.22 and slipped to quote 17 paise down at 71.33

  • Brent crude futures, the global benchmark, climbed to $65.04 per barrel

Mumbai: The rupee weakened by 17 paise to trade at 71.33 against the US dollar in opening session Friday following sustained demand for the greenback from importers amid foreign fund outflow and rising global crude prices.

Rupee declines 17 paise in early trade on foreign fund outflows rising crude prices

Representational image. Reuters.

The dollar's gain against major world currencies also impacted the rupee sentiment, forex dealers said.

At the forex market, the rupee opened weak at 71.22 and slipped further to quote 17 paise down at 71.33 against the US dollar.

Brent crude futures, the global benchmark, climbed to $65.04 per barrel by rising 0.63 percent.

Strengthening US dollar and persistent outflow from the domestic capital market weighed on the domestic currency.

Foreign portfolio investors (FPIs) sold shares worth a net Rs 250.23 crore Thursday, provisional data showed.

On Thursday, the rupee had depreciated by 36 paise to close at 71.16 per US dollar.

Meanwhile, the benchmark BSE Sensex fell 34.73 points, or 0.13 per cent, to 35,841.49 in early trade.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Rupee falters to over two year lows, down 24 paise at 68.62/$
Business

Rupee falters to over two year lows, down 24 paise at 68.62/$

On Tuesday, the domestic currency had tumbled 31 paise to close at a fresh 29-month low of 68.38 a dollar

Rupee slips 13 paise to 70.07 against dollar in early trade on US-China trade concerns, rising crude prices
Business

Rupee slips 13 paise to 70.07 against dollar in early trade on US-China trade concerns, rising crude prices

The rupee opened weak at 70.04 at the interbank forex market and then fell further to 70.07 against the US dollar, down 13 paise over its last close.

Rupee opens on a flat note at 71.06 against dollar amid volatility in domestic equities, unabated foreign fund outflows
Business

Rupee opens on a flat note at 71.06 against dollar amid volatility in domestic equities, unabated foreign fund outflows

Traders said rupee is trading in a narrow range as the market is awaiting fresh cues on the potential US-China trade deal