Rupee falls 17 paise to 73.51 against US dollar in early trade
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The Indian rupee slumped 17 paise to 73.51 against the US dollar in opening trade on Wednesday tracking weak domestic equities and strong American currency. Forex traders said investors are awaiting cues from the US CPI and domestic inflation and IIP numbers. Besides, concerns over rising COVID-19 cases also weighed on sentiment. At the interbank foreign exchange, the domestic unit opened lower at 73.51 against the dollar, registering a fall of 17 paise over its previous close. On Tuesday, the rupee had closed at 73.34 against the US dollar.
