Rupee tumbles 67 paise to 72.09 against US dollar in early trade

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MUMBAI: The rupee tumbled by 67 paise to 72.09 against the US currency in early trade on Tuesday.


On Friday, the rupee had appreciated by 38 paise to close at a two-week high of 71.42 against the US dollar

On Monday, the forex market was closed on account of Ganesh Chaturthi.

At the interbank foreign exchange, the rupee opened at 72.00 then fell to 72.09 against the US dollar, showing a decline of 67 paise over its previous closing.

As per provisional data, Foreign institutional investors (FIIs) remained net buyers in the capital market, putting in Rs 1,162.95 crore on Friday.

The 30-share index was trading 371.23 points or 0.99 per cent lower at 36,961.56 and the broader Nifty fell 136.90 points or 1.24 per cent to 10,886.35.

The dollar index, which gauges the greenback's strength against a basket of six currencies, inched up 0.37 per cent to 99.28.

Brent crude futures, the global oil benchmark, eased marginally by 0.02 per cent to USD 58.65 per barrel.

The 10-year government bond yield was at 6.52 per cent in morning trade.

 

With inputs from PTI

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