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Rupee slips 12 paise against US dollar to 68.84

Press Trust of India  |  Mumbai 

The slipped 12 paise to 68.84 against the US dollar in early trade today due to fresh buying of the American by importers amid sustained foreign fund outflows.

Forex dealers said the dollar's strength against a basket of some currencies overseas too weighed on the rupee, but a higher opening of the domestic equity markets limited the fall.

Yesterday, the local had gained 15 paise against the US dollar to close at 68.72 on sustained dollar selling by exporters and banks amid a stellar rally in local equities and losses in the greenback.

Meanwhile, the benchmark BSE Sensex climbed 161.08 points, or 0.44 per cent, to 36,095.80 in morning trade.

According to provisional data issued by stock exchanges, foreign portfolio investors (FPIs) sold shares worth a net of Rs 569.91 crore yesterday.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 10 2018. 09:30 IST