Published 13:46 IST, June 6th 2019
Rupee slips 19 paise to 69.45 vs USD in early trade ahead of RBI policy outcome.
Rupee opened on a weak note and declined by 19 paise to 69.45 against the US dollar in opening trade Thursday, ahead of the Reserve Bank of India's monetary policy decision.
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rupee opened on a weak te and declined by 19 paise to 69.45 against US dollar in opening tre Thursday, ahe of Reserve Bank of India's monetary policy decision.
Forex trers said, foreign fund outflows and rising crude oil prices also kept pressure on Indian rupee.
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RBI's Monetary Policy Committee (MPC) is slated to anunce its bi-monthly policy decision later in day.
rupee opened weak at 69.41 at interbank forex market and n fell furr to 69.45, down 19 paise over its last close. rupee h settled at 69.26 against US dollar Tuesday.
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Indian bonds and Forex markets were closed Wednesday on account of Id-Ul-Fitr.
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Forex trers said a cautious opening in domestic equities weighed on local unit.
Brent crude futures, global oil benchmark, rose 0.25 per cent to USD 60.78 per barrel. Foreign institutional investors (FIIs) remained net sellers in capital markets, pulling out Rs 416.08 crore Tuesday, as per provisional data.Domestic bourses opened on a cautious te Thursday with benchmark indices Sensex tring 85.04 points down at 39,998.50 and Nifty down 42.60 points at 11,979.05.
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12:08 IST, June 6th 2019