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Rupee slips 17 paise to 69.59 vs USD in early trade

Press Trust of India  |  Mumbai 

The fell 17 paise to 69.59 against the US in opening trade Tuesday on increased demand for the from importers and banks.

Forex dealers said, strengthening of the American in the overseas market weighed on the domestic

However, sustained foreign fund inflows and positive opening in domestic equities supported the and restricted the fall.

The opened at 69.55 at the interbank forex market, then lost further ground and fell to 69.59, down 17 paise over its last close.

The rupee Monday had settled at 69.42 against the US

Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 713.22 crore Monday, as per provisional data.

Meanwhile, brent crude futures, the global oil benchmark, fell 0.27 per cent to trade at USD 70.99 per barrel.

Benchmark indices Sensex was trading 212.10 points up at 39,117.94 and Nifty was quoted at 11,743.80 points, up 53.45 points.

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

First Published: Tue, April 16 2019. 10:00 IST