Rupee Slips by 10 Paise to 68.54 Against Dollar in Early Trade

Rupee Slips by 10 Paise to 68.54 Against Dollar in Early Trade
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The rupee opened on a cautious note and fell 10 paise to 68.54 against the US dollar in early trade Friday

– Forex traders said the rupee is trading in a narrow range ahead of the release of retail inflation and factory output data

– Besides, the weakening of the greenback vis-a-vis other currencies overseas supported the local unit

– However, rising crude oil prices, foreign fund outflows and cautious opening in domestic equities weighed on the domestic currency

– Meanwhile, brent crude futures, the global oil benchmark, rose 0.68 per cent to USD 66.97 per barrel

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