Rupee Slips 19 Paise To 73.35 Against Dollar: 5 Things To Know

The rupee slipped by 19 paise to 73.35 against the US dollar in early trade on Thursday amid unabated foreign fund outflows, reported news agency Press Trust of India (PTI). Increased demand for the US currency from importers and a lower opening of domestic equity market weighed on the local unit, traders said. However, the dollar's weakness against some currencies overseas and easing crude oil prices, restricted the rupee fall, they added. After opening lower at 73.33, rupee weakened further to quote at 73.35 against the dollar registering a fall of 19 paise. 

Here are 5 thing to know about rupee:

1. Foreign investors pulled out Rs 2,040.54 crore from equity markets on Wednesday, as per provisional data.

2. On Wednesday, the rupee strengthened by 41 paise to close at more than three-week high of 73.16 against the US currency as global crude oil prices eased and domestic equity markets staged a smart rebound. 

3. Meanwhile, the benchmark BSE Sensex plunged 301.49 points, or 0.89 per cent, to 33,732.47 in the opening trade.

4. Asian shares plunged on Thursday as hundreds of billions of dollars haemorrhaged from global markets after a rout in tech stocks inflicted the largest daily decline on Wall Street since 2011, wiping out all its gains for the year.

5. Oil prices slipped amid concerns over global growth. Brent crude fell 52 cents to $75.65 a barrel, while U.S. crude dropped 53 cents to $66.29.