Rupee down 13 paise to 71.84 against USD in early trade
11/09/2019 10:47

The rupee opened on a cautious note and fell 13 paise to 71.84 against the US dollar in early trade on Wednesday amid rising crude oil prices and unabated foreign fund outflows.

At the Interbank Foreign Exchange, the rupee opened at 71.82 then fell to 71.84 against the US dollar, showing a decline of 13 paise over its previous closing.



The Indian rupee on Monday had closed at 71.71 against the US dollar.

Forex market was closed on Tuesday on account of Muharram.

Forex traders said rising brent crude prices and foreign fund inflows weighed on the domestic currency.

Brent crude futures, the global oil benchmark, rose 0.87 per cent to USD 62.92 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 188.08 crore on Monday, as per provisional data.

Market participants however said positive opening in domestic equities added support to the local unit and restricted the downfall.