Rupee slips 21 paise to 69.64 vs dollar in early trade; US-China trade concerns weighs on investor community
FirstpostThe rupee opened weak at 69.57 at the interbank forex market and then fell further to 69.64, down 21 paise over its last close Mumbai: The rupee opened on a weak note and declined by 21 paise to 69.64 against the US dollar on Wednesday, as the US-China trade related concerns weighed on investor community. Forex traders said, besides the US-China trade concerns, foreign fund outflows, heavy selling in domestic equities and rising crude oil prices also kept pressure on the Indian rupee. The rupee opened weak at 69.57 at the interbank forex market and then fell further to 69.64, down 21 paise over its last close. Reports of He’s visit come after two days of uncertainty on the fate of US-China trade negotiations as President Donald Trump and his top officials accused China of going back on its commitments.