<p class="title">The rupee Friday depreciated by 9 paise to 71.17 in early trade on the forex market amid strengthening of the American currency and caution ahead of interim budget.</p>.<p class="bodytext">Forex traders said strengthening of the US dollar against some currencies overseas, focus on interim budget and rising crude oil prices weighed on the local unit.</p>.<p class="bodytext">The current government is set to present its last Budget Friday, which is expected to have major announcements to support the farm sector and spur consumption.</p>.<p class="bodytext"><strong><a href="https://www.deccanherald.com/liveblog/union-budget-2019-speech-live-interim-budget-latest-updates-715913.html" target="_blank">Union Budget 2019 LIVE - Catch the latest updates here</a></strong></p>.<p class="bodytext">At the Interbank Foreign Exchange, the rupee opened at 71.08 then fell further to 71.17 against the US dollar, showing a decline of 9 paise over its previous closing.</p>.<p class="bodytext">On Thursday, the rupee had settled 4 paise higher at 71.08 against the US dollar.</p>.<p class="bodytext">However, positive opening in domestic equities and fresh foreign fund inflows capped the losses for the domestic unit.</p>.<p class="bodytext">Foreign funds bought shares worth Rs 3,006.41 crore from the capital markets on a net basis Thursday, while domestic institutional investors sold shares worth Rs 1,634.32 crore, provisional data showed.</p>.<p class="bodytext">The global benchmark, brent crude oil was trading at USD 61.49 per barrel, higher by 0.28 per cent.</p>.<p class="bodytext">Meanwhile, domestic equity market opened on a higher note. The 30-share BSE benchmark Sensex, was trading at 36,364.70, up 106.13 points in early trade. The wide-based Nifty was also trading up by 30.20 points at 10,861.15.</p>
<p class="title">The rupee Friday depreciated by 9 paise to 71.17 in early trade on the forex market amid strengthening of the American currency and caution ahead of interim budget.</p>.<p class="bodytext">Forex traders said strengthening of the US dollar against some currencies overseas, focus on interim budget and rising crude oil prices weighed on the local unit.</p>.<p class="bodytext">The current government is set to present its last Budget Friday, which is expected to have major announcements to support the farm sector and spur consumption.</p>.<p class="bodytext"><strong><a href="https://www.deccanherald.com/liveblog/union-budget-2019-speech-live-interim-budget-latest-updates-715913.html" target="_blank">Union Budget 2019 LIVE - Catch the latest updates here</a></strong></p>.<p class="bodytext">At the Interbank Foreign Exchange, the rupee opened at 71.08 then fell further to 71.17 against the US dollar, showing a decline of 9 paise over its previous closing.</p>.<p class="bodytext">On Thursday, the rupee had settled 4 paise higher at 71.08 against the US dollar.</p>.<p class="bodytext">However, positive opening in domestic equities and fresh foreign fund inflows capped the losses for the domestic unit.</p>.<p class="bodytext">Foreign funds bought shares worth Rs 3,006.41 crore from the capital markets on a net basis Thursday, while domestic institutional investors sold shares worth Rs 1,634.32 crore, provisional data showed.</p>.<p class="bodytext">The global benchmark, brent crude oil was trading at USD 61.49 per barrel, higher by 0.28 per cent.</p>.<p class="bodytext">Meanwhile, domestic equity market opened on a higher note. The 30-share BSE benchmark Sensex, was trading at 36,364.70, up 106.13 points in early trade. The wide-based Nifty was also trading up by 30.20 points at 10,861.15.</p>