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Last Updated : Jan 24, 2020 03:14 PM IST | Source: Moneycontrol.com

Rupee trades lower at 71.32 per dollar

On Thursday, the rupee ended 7 paise lower at 71.26 against the US dollar as the spread of a deadly new virus from China spooked investors.


The Indian rupee is trading lower by 6 paise at 71.32 per dollar, with buying seen in the domestic equity market.

It opened lower at 71.33 per dollar versus Thursday's close of 71.26.

On Thursday, the rupee ended 7 paise lower at 71.26 against the US dollar as the spread of a deadly new virus from China spooked investors. However, softening crude prices and strong domestic equity market restricted the rupee's fall.

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The Sensex was up 234.91 points or 0.57% at 41621.31, and the Nifty was up 71 points or 0.58% at 12251.40.

Gold inched lower on Friday as investors opted for riskier assets after the World Health Organisation stopped short of declaring the China virus outbreak a global emergency, but the precious metal was on track to post a weekly gain.

Oil prices were steady, but on track for a fall of up to 5% for the week on growing concern that fuel demand will weaken as the spread of a respiratory virus from China that has killed 25 so far dents travel and darkens the economic outlook.

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First Published on Jan 24, 2020 09:00 am

tags #Rupee

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