Business Standard

Rupee opens marginally higher against US dollar amid dip in oil prices

The domestic unit gave up most of its losses to close down by 3 paise at 71.80 on Thursday.

rupee, currency
Premium

SI Reporter New Delhi
The rupee on Friday opened 2 paise higher at 71.78 agains the US dollar amid dip in crude oil prices and rise in Asian stocks. 

The domestic unit gave up most of its losses to close down by 3 paise at 71.80 on Thursday even as uncertainty over the US-China trade talks and recession fears kept investors on edge. 

Losses in domestic equity markets and unabated foreign fund outflows hit the rupee sentiment, forex dealers said.

Foreign investors pulled out Rs 986 crore on a net basis from equities on Thursday, provisional exchange data showed.

"Rupee continues to take resistance

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 30 2019 | 9:16 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com