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Published on 22/01/2021 12:09:24 PM | Source: Dion Global Solutions Ltd

Rupee edges 4 paise lower to 73.03 against USD in early trade

Posted in Currency News| #Rupee #Currency News #US

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The rupee slipped 4 paise to 73.03 against the US dollar in opening trade on Friday in line with cautious domestic equities. However, weaker American currency and sustained foreign fund inflows lent some support to the rupee in restricting its fall to a certain extent.

At the interbank foreign exchange market, the domestic unit opened lower and went on to touch the lowest level of the Friday morning session at 73.03, registering a 4 paise loss over the previous close. On Thursday, the rupee had settled at 72.99 against the American currency.