Rupee down by 17 paise against USD

Rupee down by 17 paise against USD

Agency News

Mumbai, Feb 1: The Rupee on Friday slipped by 17 paise to close negative at 71.24 against the US Dollar on rising demand for US Dollars by bankers and exporters, dealers at Forex Market said.

Forex traders said strengthening of the US dollar against some currencies overseas, focus on interim budget and rising crude oil prices weighed on the local unit.

The relief was given to farm sectors and realty sector in interim budget which was presented by Piyush Goyal. However, the banking sector was seen negative.

The local unit rose marginally by two paise to 71.05 in opening trade. Later, it went in red and closed negative at 71.24, sliding by 17 paise as compared to its last close. The indian currency registered day high and low at 71.27 and 71.00 respectively, it added. (UNI)