<p>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.</p>.<p>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.</p>.<p>The Indian rupee on Wednesday had closed at 71.27 against the US dollar.</p>.<p>Forex market was closed on Thursday on account of Independence Day.</p>.<p>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.</p>.<p>While foreign fund inflows added support to the domestic unit.</p>.<p>Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 1,614.63 crore on Wednesday, as per provisional data.</p>.<p>Meanwhile, Brent crude futures, the global oil benchmark, rose 0.94 per cent to USD 58.78 per barrel.</p>.<p>Domestic bourses opened on a cautious note on Friday with benchmark indices Sensex trading 157.74 points down at 37,153.79 and Nifty lower by 55.55 points at 10,973.85.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.07 per cent to 98.21.</p>.<p>The 10-year government bond yield was at 6.58 per cent in morning trade.</p>.<p>On the global front, US President Donald Trump has said that China is doing very poorly as a result of the trade war.</p>.<p>"I think the longer the trade war goes on, the weaker China gets and the stronger we get. We're taking in massive amounts of money. Billions and billions of dollars. And I think the longer it goes, the stronger we get. I have a feeling it's going to go fairly short," he said on Thursday.</p>
<p>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.</p>.<p>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.</p>.<p>The Indian rupee on Wednesday had closed at 71.27 against the US dollar.</p>.<p>Forex market was closed on Thursday on account of Independence Day.</p>.<p>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.</p>.<p>While foreign fund inflows added support to the domestic unit.</p>.<p>Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 1,614.63 crore on Wednesday, as per provisional data.</p>.<p>Meanwhile, Brent crude futures, the global oil benchmark, rose 0.94 per cent to USD 58.78 per barrel.</p>.<p>Domestic bourses opened on a cautious note on Friday with benchmark indices Sensex trading 157.74 points down at 37,153.79 and Nifty lower by 55.55 points at 10,973.85.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.07 per cent to 98.21.</p>.<p>The 10-year government bond yield was at 6.58 per cent in morning trade.</p>.<p>On the global front, US President Donald Trump has said that China is doing very poorly as a result of the trade war.</p>.<p>"I think the longer the trade war goes on, the weaker China gets and the stronger we get. We're taking in massive amounts of money. Billions and billions of dollars. And I think the longer it goes, the stronger we get. I have a feeling it's going to go fairly short," he said on Thursday.</p>