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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 ahead of the release of key macro-economic data. 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.
The rupee on Monday advanced by 15 paise to close at 68.54 against the US currency, tracking gains in domestic equities and weakness in the greenback overseas.
The rupee opened on a cautious note and fell 10 paise to 68.54 against the US dollar in early trade Friday ahead of the release of key macro-economic data. 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.
The rupee appreciated by 4 paise to 69.36 against the US dollar in opening trade on Tuesday, driven by weakening of the greenback and positive opening in domestic equities.
The rupee on Monday fell by 18 paise to close at 69.40 against the US dollar as renewed trade war worries following US President Donald Trump's threat to raise tariffs on Chinese imports sent markets into a tailspin and triggered flight of capital to safe bets.