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Rupee slips 9 paise to 69.20 against USD in early trade

Press Trust of India  |  Mumbai 

The fell 9 paise to 69.20 against the US in opening trade Thursday 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 supported the and restricted the fall.

The opened weak at 69.15 at the interbank forex market, then fell further to 69.20 down 9 paise against its last close. The local currency, however, pared the initial loss and was trading at 69.15 at 0940 hrs.

The rupee Wednesday had strengthened by 19 paise to 69.11 against the US

Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 1,429.92 crore Wednesday, as per provisional data.

Meanwhile, brent crude futures, the global oil benchmark, fell 0.49 per cent to trade at USD 71.38 per barrel.

Indian bourses opened on a cautious note Thursday, with benchmark indices Sensex trading 20.31 points up at 38,605.66 and Nifty was quoted at 11,595.95 points, up 11.65 points.

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

First Published: Thu, April 11 2019. 10:05 IST