PTI, Mumbai :
The rupee opened on a weak note and fell 20 paise to 71.47 against the US dollar in early trade on Friday amid rising crude oil prices and cautious opening in domestic equities.
At the Interbank Foreign Exchange, the rupee opened weak at 71.33 then fell to 71.47 against the US dollar, showing a decline of 20 paise over its previous closing.
The Indian rupee on Wednesday had closed at 71.27 against the US dollar.
Forex market was closed on Thursday on account of Independence Day.
Traders said cautious opening in domestic equities, rising crude oil prices, strengthening of the greenback vis-a-vis other currencies overseas weighed on the local unit.
While foreign fund inflows added support to the domestic unit.
Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 1,614.63 crore on Wednesday, as per provisional data.
The rupee opened on a weak note and fell 20 paise to 71.47 against the US dollar in early trade on Friday amid rising crude oil prices and cautious opening in domestic equities.
At the Interbank Foreign Exchange, the rupee opened weak at 71.33 then fell to 71.47 against the US dollar, showing a decline of 20 paise over its previous closing.
The Indian rupee on Wednesday had closed at 71.27 against the US dollar.
Forex market was closed on Thursday on account of Independence Day.
Traders said cautious opening in domestic equities, rising crude oil prices, strengthening of the greenback vis-a-vis other currencies overseas weighed on the local unit.
While foreign fund inflows added support to the domestic unit.
Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 1,614.63 crore on Wednesday, as per provisional data.
