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Rupee slips by 22 paise against USD
Economy

Rupee slips by 22 paise against USD

Agency News

Mumbai, June 21: The Rupee on Friday slipped by 22 paise to at 69.66 in early trade on rising demand for US Dollars by bankers and importers, dealer at Forex Market said.

Foreign fund outflows and rising crude prices and weak opening in domestic equity markets also influenced the trading pattern in the currency market, forex traders said. However, a weak dollar against major currencies overseas restricted the rupee’s fall, they added.

The domestic currency opened sharply lower at 69.75 against the dollar at the interbank foreign exchange (forex) market High fluctuation was seen during intra day session as it registered day high and low at 69.76 and 69.60 respectively.The rupee had settled at 69.44 against the US dollar Thursday, up by 24 paise.
(UNI)