Rupee falls 19 paise to 74.09 against U.S. dollar in early trade
The Hindu
Foreign institutional investors remained net sellers in the capital market on January 13, as they offloaded shares worth ₹1,390.85 crore, as per exchange data
The rupee declined by 19 paise to 74.09 against the U.S. dollar in opening trade on January 14, as muted domestic equities and elevated crude oil prices weighed on investor sentiments.
Forex traders said the local unit fell following more hawkish comments by Federal Reserve officials.
At the interbank foreign exchange, the rupee opened weak at 74.05 against the U.S. dollar, then fell further to 74.09 against the greenback in early deals, registering a decline of 19 paise from the last close.
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