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Rupee Opens Lower At 71.54

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Rupee opened lower at 71.59 versus the previous day's close of 71.54 per US dollar.

The rupee has been influenced by low exports which came in at a 7-month low as well as global factors that still are shaky in respect of US-China trade truce.

Rupee Opens Lower At 71.54
 

Also, further the direction of the Indian rupee will be guided by the developments in the Brexit.

Amid, increased buying in dollar due to progress in US-China trade war situation, rupee had been under pressure.

Nonetheless, the losses in the Indian currency remained capped due to a surge in equities as well as drop in crude.

Meanwhile, Indian equities opened higher, with Nifty inching above 11400 points.

GoodReturns.in

Read more about: rupee dollar crude trade war brexit
Story first published: Wednesday, October 16, 2019, 9:28 [IST]
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