Rupee slips 32 paise to 69.24 vs USD in early trade
Published : Apr 12, 2019, 11:05 am IST
Updated : Apr 12, 2019, 11:06 am IST
SHARE ARTICLE
Rupee slips 32 paise
Rupee slips 32 paise

The rupee depreciated by 32 paise to 69.24 against the US dollar in early trade Friday owing to increased demand for the greenback

Mumbai, Apr 12: The rupee depreciated by 32 paise to 69.24 against the US dollar in early trade Friday owing to increased demand for the greenback from importers and banks. At the Interbank Foreign Exchange, the rupee opened on a weak note at 69.04 then fell further to 69.24 against the US dollar, showing a decline of 32 paise over its previous closing. The local unit, however, pared some losses and was quoted at 69.18 against the American currency at 0941 hrs.

The Indian rupee Thursday climbed 19 paise to close at 68.92 against the US dollar. Forex traders said the strengthening of the greenback vis-a-vis other currencies overseas and rising crude oil prices in overseas market added pressure to the domestic unit. However, foreign fund inflows and higher opening in domestic equity market restricted the fall in the local unit. Foreign institutional investors (FIIs) put in Rs 476.51 crore on a net basis Thursday, provisional data showed.

Advertisement

BSE gauge Sensex was trading at 38,718.67BSE gauge Sensex was trading at 38,718.67

Brent crude futures, the global oil benchmark, rose 0.27 per cent to USD 71.02 per barrel. Meanwhile, domestic bourses opened on a bullish note Friday. The BSE gauge Sensex was trading at 38,718.67, higher by 109.52 points while the NSE Nifty was trading at 11,624.70 up by 28.00 points in early trade.

Advertisement
SHARE ARTICLE

PTI

Advertisement
Advertisement

Punjabi Singer Preet Harpal Special Interview

11 Jan 2023 7:46 PM

CM Bhagwant Mann Meet Kuldeep Singh Bajwa Family

11 Jan 2023 7:44 PM

Ranjit bawa emotional on death of his friend Deputy Vohra

10 Jan 2023 7:33 PM

CM asks officers to expedite work of installing 5D statue of Shaheed Bhagat Singh near Airport

10 Jan 2023 7:31 PM

Rahul Gandhi visits Sri Harmandir Sahib as Bharat Jodo Yatra enters Punjab

10 Jan 2023 7:28 PM

"Jisma to Paar Di Gal ae Jehdi Sadde Pyar Di Gal ae" Fame Singer Sargi Maan

09 Jan 2023 7:47 PM
Advertisement