Rupee weakens by 17 paise against U.S. dollar in opening trade

Rupee weakens by 17 paise against U.S. dollar in opening trade

The Indian rupee dropped 17 paise to commerce at 75.16 in opposition to the American foreign money in opening offers on Friday on emergence of demand for U.S. greenback from importers and banks.

The native unit had closed at 74.99 a greenback on Thursday.

Foreign exchange merchants attributed the rupee’s weak point to stronger U.S. greenback in opposition to its key rival currencies.

The greenback index, which measures the American foreign money’s energy in opposition to a basket of main currencies, was at 96.8640, up 0.17 per cent.

In the meantime, international crude oil benchmark Brent Futures declined 0.78% to commerce at USD 42.02 per barrel.

On the fairness market entrance, Indian benchmark indices Sensex and Nifty have been marginally decrease in early commerce.

International traders purchased equities price ₹212.77 crore on Thursday, change knowledge confirmed.

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