Rupee falls 9 paise to 68.94 against US dollar in early trade

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MUMBAI: The rupee tumbled 9 paise to trade at 68.94 against the US dollar in early trade on Wednesday.


The rupee opened weak at 68.89 at the interbank forex market and slipped further to 68.94, showing a decline of 9 paise against its previous close.

On Tuesday, the domestic unit had settled at 68.85 against the US dollar.

As per provisional data, Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 644.59 crore on Tuesday.

Meanwhile, brent crude futures, the global oil benchmark, climbed 0.87 per cent to USD 65.28 per barrel.

The domestic bourses opened on a negative note day with benchmark indices Sensex trading 159.13 points down at 37,237.84 and Nifty up 46.50 points at 11,038.90.

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