Rupee slips 5 paise against US dollar in early trade
The Hindu
However, a rally in the domestic equities and sliding crude prices in the international market restricted the rupee's fall
The rupee declined 5 paise to 75.49 against the US dollar in opening trade on Wednesday as persistent foreign fund outflows kept the pressure on the local unit.
However, a rally in the domestic equities and sliding crude prices in the international market restricted the rupee's fall, according to forex traders.
The Reserve Bank of India kept the benchmark lending rate unchanged for the ninth time in a row at 4%.
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