Forex

Rupee slips 3 paise against US dollar

PTI Mumbai | Updated on November 25, 2019

The Indian rupee, on Monday, slipped 3 paise to close at 71.74 against the US dollar due to fag-end dollar buying by banks and importers. Rising crude prices and strengthening dollar overseas also weighed on the rupee sentiment, forex dealers said. At the interbank foreign exchange, after positive opening at 71.68, the rupee pared all its gains to slip in negative territory against the dollar. The domestic unit touched the day’s high of 71.61 against the greenback during the session. It finally settled flat at 71.74, registering a loss of 3 paise against its previous close. The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.01 per cent to 98.27.

 

Published on November 25, 2019

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