Rupee Slips News Today

It was a challenging session for Asian currencies overall on weak China data and an uptick in U.S. Treasury yields. The offshore yuan dropped to 7.2930 to the dollar after a private sector survey showed Chinas services activity expanded at the slowest pace in eight months in August.

The rupee declined by 9 paise to close at 82.04 (provisional) against the US dollar on Monday amid geopolitical concerns and firming crude oil prices.

The rupee declined 3 paise to 82.12 against the US dollar in early trade on Friday, weighed down by a negative trend in domestic equities.

The rupee pared initial gains and settled 4 paise lower at 82.66 against the US dollar on Friday, tracking a rebound in the greenback overseas and a muted trend in domestic equities.

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The rupee declined 26 paise to close at 76.68 against the US dollar on Monday

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