Indian rupee slips 33 paisa against US dollar

The note also said that the Asian currencies had started weaker against the greenback this Thursday morning and will weigh on sentiments, adding that the RBI could be present to curb the volatility in the markets.

On June 17, the Indian rupee slipped 33 paise to 73.65 against the US dollar in an early trade amid the strengthening of the greenback in the overseas market.

At the interbank foreign exchange, the domestic unit opened up at 73.65 against the dollar and registered a decline of 33 paise over its previous close.

On Wednesday, the rupee had settled at 73.32 against dollar.

In a research note of Reliance Securities, it said that the Indian currency started on a weaker note this June 17 against the greenback at the US Dollar, as it surged higher after the Fed’s hawkish statement.

The note also said that the Asian currencies had started weaker against the greenback this Thursday morning and will weigh on sentiments, adding that the RBI could be present to curb the volatility in the markets.

The Global Oil Benchmark Brent Crude futures fell 0.60 per cent to $73.94 per barrel. The dollar index, on the other hand, which gauged the greenback’s strength against a basket of six cured rose to 0.29 per cent, i.e. 91.39.

BSE Sensex was trading 105.7 points or 0.20 per cent lower at 52,396.28 on the domestic equity market front. Where as the broader NSE Nifty was down 33.55 points or 0.21 per cent at 15,734.00.

The foreign institutional investors were net sellers in the capital market on Wednesday, as they offloaded the shares of worth Rs 870.29 crore.

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