Rupee slips 16 paise to 74.68 against U.S. dollar in early trade
The Hindu
On Thursday, the rupee had closed at 74.52 against the U.S. dollar.
The Indian rupee depreciated by 16 paise to 74.68 against the U.S. dollar in opening trade on Friday, tracking the negative domestic equity market and a firm American dollar.
Further, unabated foreign fund outflows weighed on investor sentiment, traders said.
At the interbank foreign exchange, the rupee opened on a weak note at 74.60, then lost further ground and touched 74.68 against the American dollar, registering a decline of 16 paise from the last close.
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