MUMBAI: The rupee fell eight paise to trade at 69.03 towards the US buck in early trade these days on appreciation of the American currency overseas and sustained overseas capital outflows.
This is the rupee's third immediately slide, which dealers say is mostly because of call for for the US currency and a decrease opening within the home equity market. With the US enforcing price lists on Chinese items from Friday, investors feared it could cause a full scale global trade conflict.
Yesterday, the rupee had tumbled 21 paise to fresh final low of 68.95, following a panic call for for the US buck coupled with savage capital flight worries. Foreign portfolio investors (FPIs) offered shares value Rs 159.37 crore the day prior to this, as per provisional data.
Meanwhile, the benchmark Sensex up by way of 167.71 issues at 35,742.26 in early trade.
This is the rupee's third immediately slide, which dealers say is mostly because of call for for the US currency and a decrease opening within the home equity market. With the US enforcing price lists on Chinese items from Friday, investors feared it could cause a full scale global trade conflict.
Yesterday, the rupee had tumbled 21 paise to fresh final low of 68.95, following a panic call for for the US buck coupled with savage capital flight worries. Foreign portfolio investors (FPIs) offered shares value Rs 159.37 crore the day prior to this, as per provisional data.
Meanwhile, the benchmark Sensex up by way of 167.71 issues at 35,742.26 in early trade.
Rupee crosses 69-mark against US dollar again
![Rupee crosses 69-mark against US dollar again]()
Reviewed by Kailash
on
July 07, 2018
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