BUSINESS NEWS

Rupee slips 12 paise against US dollar in early trade – rupee slips 12 paise against us dollar in early trade

Written by admin

Rupee slips 12 paise against US dollar in early trade – rupee slips 12 paise against us dollar in early trade

Mumbai, Nov 24 (PTI) The Indian rupee slipped 12 paise to 74.54 against the US dollar in early trade on Wednesday on the strength of the US currency in the overseas market.

The rupee opened with a weak trend at 74.53 in the interbank foreign exchange market and touched 74.54 against the US dollar in early trade, showing a fall of 12 paise over the previous closing price.

The rupee had closed at 74.42 against the US dollar on Tuesday.

Meanwhile, the dollar index, reflecting the US dollar’s position against the six major currencies, rose 0.06 per cent to 96.55.

Global oil benchmark Brent crude futures were down 0.07 per cent at $82.25 a barrel.

Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors, said Asian currencies are trading slightly weaker. The European currency continues to depreciate due to the increase in new cases of Kovid-19.

#Rupee #slips #paise #dollar #early #trade #rupee #slips #paise #dollar #early #trade

See also  Indigrid tie-up bids lowest for Rs 170 crore transmission project

About the author

admin

Leave a Comment

close
%d bloggers like this: