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Last Updated : Feb 13, 2020 02:11 PM IST | Source: Moneycontrol.com

Rupee off day's low but trades lower at 71.43 per dollar

The rupee ended 6 paise lower at 71.33 against the US dollar on Wednesday ahead of the release of key domestic macroeconomic data.

The Indian rupee erases some of its losses but trading lower at 71.43 per dollar, with selling seen in the domestic equity market.

It opened marginally lower at 71.39 per dollar against Wednesday's close of 71.33 .

The rupee ended 6 paise lower at 71.33 against the US dollar on Wednesday ahead of the release of key domestic macroeconomic data.

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The Sensex was down 122.89 points or 0.30% at 41443.01, and the Nifty was down 36.70 points or 0.30% at 12164.50.

Oil prices rose for a third day on expectations that major producers are likely to enact deeper output cuts to offset the slump in demand caused by the coronavirus outbreak in China, the world’s second-largest crude consumer.

The yen rose from a three-week low against the dollar on Thursday after China’s Hubei province, the epicentre of a coronavirus outbreak, reported a sharp jump in the number of new cases in a jolt to markets and sparking a flight for safe-haven assets.

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First Published on Feb 13, 2020 09:00 am

tags #Rupee

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