Rupee slips 23 paise to 75.82 against US dollar in early tradebusinessUpdated: Jun 11, 2020 14:09 ISTThe rupee depreciated 23 paise to 75.82 against the US dollar in opening trade on Thursday as strengthening US dollar and weak opening of domestic equity market weighed on investor sentiment. Forex traders said risk appetite could remain weak as the US Federal Reserve is projecting weak growth for 2020. The rupee opened weak at 75.81 at the interbank forex market and fell further to 75.82 against US dollar, down 23 paise over its last close. Brent crude futures, the global oil benchmark, fell 2.90 per cent to USD 40.52 per barrel. The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.37 per cent to 96.31.

Source: Hindustan Times June 11, 2020 08:26 UTC