Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Rupee Slips 5 Paise to 71.23 Against US Dollar in Early Trade

At the interbank foreign exchange, the rupee opened at 71.22 then fell to 71.23 against the dollar, showing a decline of 5 paise over its previous closing.

PTI

Updated:December 24, 2019, 11:08 AM IST
facebookTwitter Pocket whatsapp
Rupee Slips 5 Paise to 71.23 Against US Dollar in Early Trade
Representative Image (Reuters).

Mumbai: The Indian rupee opened on a cautious note and fell 5 paise to 71.23 against the US dollar in early trade on Tuesday amid sustained rise in crude oil prices and muted opening in domestic equities.

Forex traders said the rupee is trading in a narrow range amid lack of cues from the global market.

At the interbank foreign exchange, the rupee opened at 71.22 then fell to 71.23 against the dollar, showing a decline of 5 paise over its previous closing.

The Indian rupee on Monday had closed at 71.18 against the dollar.

Traders said rise in crude oil prices weighed on the domestic unit, while sustained foreign fund inflows supported the rupee and restricted the fall.

Meanwhile, brent crude futures, the global oil benchmark, fell marginally by 0.03 per cent to USD 66.37 per barrel.

Foreign institutional investors (FIIs) remained net buyers in the capital markets, as they purchased shares worth Rs 1,463.28 crore on Monday, as per provisional data.

Domestic bourses opened on a muted note on Tuesday with benchmark indices Sensex trading 8.69 points up at 41,651.35 and Nifty higher by 7.15 points at 12,269.90.

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.03 to 97.68.

The 10-year government bond yield was at 6.57 in morning trade.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp
Most Active
Company Price Change %Gain
Dr Reddys Labs 3,033.65 3.27
ICICI Bank 530.90 -1.14
Reliance 1,580.65 2.79
Bharti Airtel 500.00 5.47
Vodafone Idea 4.51 -25.21
Top Gainers
Company Price Change %Gain
Bharti Airtel 500.00 5.47
Reliance 1,580.65 2.79
Sun Pharma 454.45 1.24
HCL Tech 598.80 0.91
Maruti Suzuki 7,524.55 0.80
Top Losers
Company Price Change %Gain
IndusInd Bank 1,352.55 -2.46
SBI 318.00 -1.62
HDFC 2,453.95 -1.14
ICICI Bank 530.90 -1.14
Larsen 1,304.55 -1.10

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results