Rupee slips 10 paise to 69.14 vs USD in early trade
The rupee opened on a cautious note and fell 10 paise to 69.14 against the US dollar in early trade on Friday amid rising crude oil prices and foreign fund outflows.
At the Interbank Foreign Exchange, the rupee opened weak at 69.12 then fell to 69.14 against the US dollar, showing a decline of 10 paise over its previous closing.
The local unit however pared some losses and was trading at 69.05 against the American currency at 1005 hrs.
The Indian rupee on Thursday had closed at 69.04 against the US dollar.
Forex traders said rising brent crude prices, cautious opening in domestic equities and foreign fund inflows weighed on the local unit, while weakening of the greenback vis-a-vis other currencies overseas added support to the local unit and restricted the downfall.
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