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Rupee opens 12 paise lower against US dollar amid weak global cues

The domestic unit on Tuesday settled 13 paise higher at 71.71

Rupee, Currency, Indian currency
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SI Reporter New Delhi
The rupee on Wednesday opened 12 paise lower at 71.83 against the US dollar amid decline in crude oil prices and fall in Asian equities over US-China trade deal uncertainties. The domestic unit on Tuesday settled 13 paise higher at 71.71. 

Forex traders said the rupee on Tuesday consolidated in a narrow range following lack of cues on the domestic as well as the global front. During the day, the domestic unit fluctuated between a high of 71.68 and a low of 72.

Foreign institutional investors (FIIs) remained net sellers in the capital markets on Tuesday, as they pulled out