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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.
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
Story first published: Wednesday, October 16, 2019, 9:28 [IST]