Rupee slips 14 paise to 75.18 against U.S. dollar in early trade
The Hindu
At the interbank foreign exchange, the rupee opened at 74.94 against the U.S. dollar.
The rupee declined 14 paise to 75.18 against the U.S. dollar in opening trade on Thursday, as geopolitical tensions and muted domestic equities weighed on investor sentiment.
Forex traders said sustained foreign fund outflows and elevated crude oil prices too weakened the rupee.
At the interbank foreign exchange, the rupee opened at 74.94 against the U.S. dollar, then slipped further to 75.18, registering a decline of 14 paise from the last close.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.30% to 95.98.
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