Rupee falls 41 paise to 69.20 against US dollar in early trade

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MUMBAI: The rupee tumbled 41 paise to 69.20 against the US dollar in early trade on Thursday.

 

The rupee opened weak at 69.17 at the interbank forex market and slipped further to 69.20, showing a decline of 41 paise against its previous close.

On Wednesday, the domestic unit had settled at 68.79 against the US dollar.

As per the provisional data, Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 1,497.07 crore on Wednesday.

The 30-share index was trading 205.69 points or 0.55 per cent lower at 37,275.43, and the broader Nifty fell 16.15 points or 0.44 per cent to 11,069.25.

The dollar index, which gauges the greenback's strength against a basket of six currencies, inched up 0.35 per cent to 98.85.

Meanwhile, the government's fiscal deficit touched Rs 4.32 lakh crore for the June quarter, which is 61.4 per cent of the budget estimate for 2019-20 fiscal.

Brent crude futures, the global oil benchmark, climbed 0.70 per cent to USD 65.17 per barrel.

 

With inputs from PTI

 

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