Rupee slips 8 paise to 74.91 against U.S. dollar in early trade

The rupee on February 2 had settled at 74.83 against the American currency

The rupee declined 8 paise to 74.91 against the U.S. dollar in opening trade on February 3 weighed down by the strength of the American currency and muted domestic equities.

Forex traders said elevated crude oil prices also dragged down the local unit.

At the interbank foreign exchange, the rupee opened at 74.84 against the U.S. dollar, then slipped further to 74.91, registering a decline of 8 paise over the last close.