Rupee slips 7 paise to 74.67 against U.S. dollar in early trade
The Hindu
Most of the Asian and emerging market peers have started weaker this Tuesday morning amid risk-off trades amid geopolitical tensions near the Ukraine border
The rupee declined 7 paise to 74.67 against the U.S. dollar in opening trade on January 25 weighed down by the strength of the American currency and muted domestic equities.
Forex traders said geopolitical tensions, sustained foreign fund outflows and elevated crude oil prices also dragged down the local unit.
Further, investors will also await the outcome of the U.S. Federal Reserve meeting this week.
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