Rupee slips 5 paise to 74.35 against U.S. dollar in early trade
The Hindu
At the interbank foreign exchange, the rupee opened weak at 74.36 but edged up to quote 74.35 against the American dollar, showing a fall of 5 paise in the early session
The rupee depreciated 5 paise to 74.35 against the U.S. dollar in opening trade on November 22, as a massive sell-off in domestic equities and firm American currency overseas weighed on investor sentiment.
However, lower crude prices supported the local unit and restricted the fall, forex dealers said.
At the interbank foreign exchange, the rupee opened weak at 74.36 but edged up to quote 74.35 against the American dollar, showing a fall of 5 paise in the early session.
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