<p class="title">The rupee opened on a weak note and fell 17 paise to 71.71 against the US dollar in early trade on Thursday amid foreign fund outflows and cautious opening in domestic equities.</p>.<p class="bodytext">At the interbank foreign exchange, the rupee opened weak at 71.65 then fell to 71.72 against the US dollar, showing a decline of 17 paise over its previous closing.</p>.<p class="bodytext">The Indian rupee on Wednesday had closed at 71.55 against the US dollar.</p>.<p class="bodytext">Traders said cautious opening in domestic equities and foreign fund outflows weighed on the local unit, while weakening of the greenback vis-a-vis some currencies overseas and easing crude oil prices added support to the local unit.</p>.<p class="bodytext">Meanwhile, brent crude futures, the global oil benchmark, fell 0.17 per cent to USD 60.20 per barrel.</p>.<p class="bodytext">Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 770.81 crore on Wednesday, as per provisional data.</p>.<p class="bodytext">Market regulator Sebi on Wednesday simplified KYC requirements for foreign portfolio investors and permitted them to carry out off-market transfer of securities.</p>.<p class="bodytext">The proposals were cleared by the Sebi's board during its meeting here as part of efforts to simplify and expedite the registration process for foreign portfolio investors (FPIs).</p>.<p class="bodytext">Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading unchanged at 98.29.</p>.<p class="bodytext">The 10-year government bond yield was at 6.56 per cent in morning trade.</p>.<p class="bodytext">Domestic bourses opened on a cautious note on Thursday with benchmark indices Sensex trading 149.51 points down at 36,910.86 and Nifty lower by 42.80 points at 10,875.90.</p>.<p class="bodytext">On the global front, Beijing has appealed to the US to 'meet China halfway' and end the tariff war. According to reports a foreign ministry spokesman, Geng Shuang, expressed hope Washington can "get along us" and restore "mutually beneficial" trade.</p>
<p class="title">The rupee opened on a weak note and fell 17 paise to 71.71 against the US dollar in early trade on Thursday amid foreign fund outflows and cautious opening in domestic equities.</p>.<p class="bodytext">At the interbank foreign exchange, the rupee opened weak at 71.65 then fell to 71.72 against the US dollar, showing a decline of 17 paise over its previous closing.</p>.<p class="bodytext">The Indian rupee on Wednesday had closed at 71.55 against the US dollar.</p>.<p class="bodytext">Traders said cautious opening in domestic equities and foreign fund outflows weighed on the local unit, while weakening of the greenback vis-a-vis some currencies overseas and easing crude oil prices added support to the local unit.</p>.<p class="bodytext">Meanwhile, brent crude futures, the global oil benchmark, fell 0.17 per cent to USD 60.20 per barrel.</p>.<p class="bodytext">Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 770.81 crore on Wednesday, as per provisional data.</p>.<p class="bodytext">Market regulator Sebi on Wednesday simplified KYC requirements for foreign portfolio investors and permitted them to carry out off-market transfer of securities.</p>.<p class="bodytext">The proposals were cleared by the Sebi's board during its meeting here as part of efforts to simplify and expedite the registration process for foreign portfolio investors (FPIs).</p>.<p class="bodytext">Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading unchanged at 98.29.</p>.<p class="bodytext">The 10-year government bond yield was at 6.56 per cent in morning trade.</p>.<p class="bodytext">Domestic bourses opened on a cautious note on Thursday with benchmark indices Sensex trading 149.51 points down at 36,910.86 and Nifty lower by 42.80 points at 10,875.90.</p>.<p class="bodytext">On the global front, Beijing has appealed to the US to 'meet China halfway' and end the tariff war. According to reports a foreign ministry spokesman, Geng Shuang, expressed hope Washington can "get along us" and restore "mutually beneficial" trade.</p>