| Date: |
07-10-2016 |
| Subject: |
Rupee slips over 10 paise against dollar in early trade |
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Indian rupee slid over 10 paise against the US dollar in early trade on Friday on account of buying of Amercian currency by banks and importers. At 9.37 am, the local currency was trading 12 paise down at 66.82 against the US dollar. The currency opened the day at 66.735 levels, nearly 4 paise down, against the previous close of 66.70.
Meanwhile, domestic equity markets opened on a flat note on Friday tracking mixed global cues. The BSE Sensex opened 23.01 points, or 0.08 per cent, up at 28,129.22, while NSE Nifty index opened 12.15 points, or 0.14 per cent, up at 8721.70.
According to experts, US currency jumped against some global currencies ahead of a key US jobs report, which weighed on the rupee.
On Thursday, rupee declined 18 paise to 66.69 against dollar due to FED rate hike woes.
Source : financialexpress.com
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