This article is more than 2 year old.

Rupee opens marginally lower at 71.36 per US dollar

Mini

Indian rupee opened marginally lower on Monday against the US dollar at Rs 71.36 per dollar.

Rupee opens marginally lower at 71.36 per US dollar
Indian rupee opened marginally lower on Monday against the US dollar at Rs 71.36 per dollar.
On Friday, the rupee depreciated by 4 paise to close at a fresh three-week low of 71.35 against the US dollar, continuing its losing streak for the sixth day in a row amid crude oil prices hitting three-month high levels.
Oil prices hovered around three-month highs on Monday following a higher-than-expected crude inventory drawdown and optimism over an expected U.S-China trade deal, while traders kept a close eye on Middle East unrest.
Brent crude was up 0.12 cents, or 0.18 percent, at $68.28 a barrel while West Texas Intermediate was up 0.04 cents, or 0.06 percent, at $61.76 a barrel.
A broad gauge of Asian share markets fell on Monday as investors consolidated gains after scaling 18-month highs last week, while oil was steady after the U.S. carried out air strikes on an Iranian-backed Shi'ite Muslim militia group in Iraq and Syria.
next story

Market Movers

Currency

CompanyPriceChng%Chng