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Rupee falls by 7 paise to 7453 against US dollar in early trade

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Rupee falls by 7 paise to 7453 against US dollar in early trade

Mumbai, Nov 16 (PTI) The rupee on Tuesday fell 7 paise to 74.53 against the US dollar in early trade amid a soft trend in domestic equity markets and the US currency.

At the Inter-Bank Foreign Exchange, the rupee opened with a weak trend at 74.49 against the dollar. After this, the rupee fell further to 74.53, which shows a decline of seven paise compared to the previous close.

The rupee had closed at 74.46 against the US dollar on the previous trading day on Monday.

Meanwhile, the dollar index, reflecting the US dollar’s position against the six major currencies, climbed 0.02 per cent to 95.42.

Global oil benchmark Brent crude futures rose 0.78 per cent to USD 82.69 per barrel.

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