Rupee slips 10 paise to 69.14 against US dollar in early trade

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MUMBAI: The rupee opened on a cautious note and fell 10 paise to 69.14 against the US dollar in early trade on Friday.


At the Interbank Foreign Exchange, the rupee opened weak at 69.12 then fell to 69.14 against the US dollar, showing a decline of 10 paise over its previous closing.

The local unit however pared some losses and was trading at 69.05 against the American currency at 1005 hrs.

On Thursday, the Indian rupee had closed at 69.04 against the US dollar.

Meanwhile, brent crude futures, the global oil benchmark, rose 0.09 per cent to USD 63.45 per barrel.

As per provisional data, Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 126.65 crore on Thursday.

Domestic bourses opened on a cautious note Friday with benchmark indices Sensex trading 90.13 points down at 37,737.62 and Nifty down 25.35 points at 11,226.80.

Meanwhile, on the global front, European Central Bank (ECB) in its policy decision on Thursday left key interest rates unchanged.

 

With inputs from PTI

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