Rupee opened flat at 69.58 against US dollar in early trade

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MUMBAI: The rupee opened on a flat note at 69.58 against the US dollar in opening trade on Monday.

 

“The domestic currency was under pressure and was trading in a narrow range after a media report surfaced that Viral Acharya has quit as RBI deputy governor”, Forex traders said.

The rupee opened at 69.58 at the interbank forex market, unchanged from its previous closing level.

“Rising crude oil prices, foreign fund outflows and cautious opening in domestic equities kept investors edgy”, Forex traders said.

Brent crude futures, the global oil benchmark, rose 0.38 per cent to USD 65.45 per barrel.

As per provisional data, Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 730.58 crore on Friday.

Domestic bourses opened on a cautious note on Monday with benchmark indices Sensex trading 26.44 points down at 39,220.93 and Nifty down 5.55 points at 11,729.65.

 

With inputs from PTI

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