1. Home >
  2. Export Import News >
  3. Foreign Exchange >
  4. Rupee slips 23 paise to 69.85 against US dollar on fund outflows

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Rupee slips 23 paise to 69.85 against US dollar on fund outflows

Date: 24-04-2019
Subject: Rupee slips 23 paise to 69.85 against US dollar on fund outflows
Mumbai, Apr 24 () The rupee Wednesday declined 23 paise to 69.85 against the US dollar in early trade due to higher demand for the greenback from importers amid foreign fund outflows. 

A strengthening US dollar against major global currencies also affected rupee's trading pattern, forex dealers said. 

However, lower crude prices and a higher opening of the domestic equity markets restricted fall of the domestic currency to some extent, they added. 

At the Interbank Foreign Exchange (forex) market, the rupee opened sharply lower at 69.80 against the US dollar, and further fell to quote at 69.85, a decline of 23 paise over its previous close. 

 On Tuesday, the rupee had appreciated by 5 paise to settle at 69.62 against the US dollar. 

Foreign institutional investors (FIIs) emerged as net sellers in capital markets, pulling out Rs 237.47 crore on Tuesday, provisional exchange data showed. 

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.03 per cent to 97.66. 

The BSE Sensex was trading 75.37 points or 0.20 per cent higher at 38,640.25 in early trade. The NSE Nifty too rose 21.15 points or 0.18 per cent to 11,597.10. 

Meanwhile, global benchmark Brent crude declined by 0.54 per cent to USD 74.11 per barrel.

Source: timesofindia.indiatimes.com

Infodrive India Pvt Ltd

Delhi :
  E-2, 3rd Floor Kalkaji Main Road
      New Delhi 110019
   011 - 40703001

Kolkata :
  5th Floor Stesalit Towers,
      E-2-3, EP & GP Block,

      Sector-V, Salt Lake City,
      Kolkata-700 091
   033 - 71177191

INFODRIVE INDIA Copyright © 1996-2019 InfodriveIndia. All Rights Reserved.
Please read our Terms of Use and Privacy Policy before you use.

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help