Rupee slips 17 paise to 74.75 against U.S. dollar in early trade

The rupee depreciated 17 paise to 74.75 against the US dollar in opening trade on Friday tracking weakness in other Asian currencies. Traders said the domestic unit is trading on a weak note as invest

The rupee depreciated 17 paise to 74.75 against the US dollar in opening trade on Friday tracking weakness in other Asian currencies. Traders said the domestic unit is trading on a weak note as investors believe that the central bank's bond buying plan could be bearish for the currency due to inflationary concerns. At the interbank forex market, the domestic unit opened at 74.75 against the U.S. dollar, registering a fall of 17 paise over its previous close.