<p class="title">The rupee depreciated marginally by 9 paise to 71.57 against the US dollar in early trade on Wednesday amid unabated foreign fund outflows and cautious opening in domestic equities.</p>.<p class="bodytext">Forex traders said concerns about US-China trade spat kept market participants edgy. Rupee and most Asian currencies like South Korean won, Thai Baht, Malaysian ringgit, Japanese yen and Indonesian rupiah were trading lower, they added.</p>.<p class="bodytext">At the interbank foreign exchange, the rupee opened weak at 71.50 then fell to 71.57 against the US dollar, showing a decline of 9 paise over its previous closing.</p>.<p class="bodytext">The domestic currency however pared the initial losses and was trading at 71.51 against the American currency at 0943 hours.</p>.<p class="bodytext">The Indian rupee on Tuesday had closed at 71.48 against the US dollar.</p>.<p class="bodytext">Traders said cautious opening in domestic equities, strengthening of the American unit vis-a-vis other currencies overseas, rising crude oil prices and foreign fund outflows weighed on the local unit.</p>.<p class="bodytext">Brent crude futures, the global oil benchmark, rose 0.67 per cent to USD 59.91 per barrel.</p>.<p class="bodytext">Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 923.94 crore on Tuesday, as per provisional data.</p>.<p class="bodytext">Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 98.07, higher by 0.08 per cent.</p>.<p class="bodytext">The 10-year government bond yield was at 6.52 per cent in morning trade.</p>.<p class="bodytext">Domestic bourses opened on a cautious note on Wednesday with benchmark indices Sensex trading 28.78 points down at 37,612.49 and Nifty higher by 11.50 points at 11,093.85.</p>
<p class="title">The rupee depreciated marginally by 9 paise to 71.57 against the US dollar in early trade on Wednesday amid unabated foreign fund outflows and cautious opening in domestic equities.</p>.<p class="bodytext">Forex traders said concerns about US-China trade spat kept market participants edgy. Rupee and most Asian currencies like South Korean won, Thai Baht, Malaysian ringgit, Japanese yen and Indonesian rupiah were trading lower, they added.</p>.<p class="bodytext">At the interbank foreign exchange, the rupee opened weak at 71.50 then fell to 71.57 against the US dollar, showing a decline of 9 paise over its previous closing.</p>.<p class="bodytext">The domestic currency however pared the initial losses and was trading at 71.51 against the American currency at 0943 hours.</p>.<p class="bodytext">The Indian rupee on Tuesday had closed at 71.48 against the US dollar.</p>.<p class="bodytext">Traders said cautious opening in domestic equities, strengthening of the American unit vis-a-vis other currencies overseas, rising crude oil prices and foreign fund outflows weighed on the local unit.</p>.<p class="bodytext">Brent crude futures, the global oil benchmark, rose 0.67 per cent to USD 59.91 per barrel.</p>.<p class="bodytext">Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 923.94 crore on Tuesday, as per provisional data.</p>.<p class="bodytext">Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 98.07, higher by 0.08 per cent.</p>.<p class="bodytext">The 10-year government bond yield was at 6.52 per cent in morning trade.</p>.<p class="bodytext">Domestic bourses opened on a cautious note on Wednesday with benchmark indices Sensex trading 28.78 points down at 37,612.49 and Nifty higher by 11.50 points at 11,093.85.</p>