Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,921.50-96.9
Stock Analysis, IPO, Mutual Funds, Bonds & More

Rupee opened flat at 69.58 vs USD in early trade

Rupee opened at 69.58 at the interbank forex market, unchanged from its previous closing level.

PTI|
Jun 24, 2019, 01.44 PM IST
0Comments
Mumbai: The rupee opened on a flat note at 69.58 against the US dollar in opening trade Monday amid rising crude oil prices and foreign fund outflows.

Forex traders said the domestic currency was under pressure and was trading in a narrow range after media report surfaced that Viral Acharya has quit as RBI deputy governor.

As per reports Acharya has resigned six months before the scheduled end of his term.

The rupee opened at 69.58 at the interbank forex market, unchanged from its previous closing level.

Forex traders said, rising crude oil prices, foreign fund outflows and cautious opening in domestic equities kept investors edgy.

Brent crude futures, the global oil benchmark, rose 0.38 per cent to USD 65.45 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 730.58 crore Friday, as per provisional data.

Domestic bourses opened on a cautious note Monday with benchmark indices Sensex trading 26.44 points down at 39,220.93 and Nifty down 5.55 points at 11,729.65.

Also Read

Rupee on slippery slope for a year at least: Poll

Rupee firms up by 13 paise against dollar

Rupee ends flat ahead of RBI policy outcome

Rupee slips 7 paise ahead of GDP data

Rupee ends marginally lower against US dollar

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service