Rupee slips 12 paise in early trade
The Hindu
Sustained foreign fund outflows and elevated crude oil prices too weakened the rupee position, says traders
The rupee declined 12 paise to 75.72 against the US dollar in opening trade on Tuesday, February 15, 2022, as geopolitical tensions and higher domestic inflation weighed on investor sentiments.
Forex traders said sustained foreign fund outflows and elevated crude oil prices too weakened the rupee position. At the interbank foreign exchange, the rupee opened at 75.60 against the US dollar, then slipped further to 75.72, registering a decline of 12 paise from the last close.
On February 14, the rupee slumped by 24 paise to close at an over nine-week low of 75.60 against the US currency.
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