<p>The Indian rupee opened on a cautious note and fell 9 paise to 71.03 against the US dollar in early trade on Wednesday amid rising demand for the US dollar vis-a-vis other currencies overseas and unabated foreign fund outflows.</p>.<p>Forex traders said trading in emerging market currencies were subdued after the British Prime Minister Boris Johnson lost the crucial Brexit Bill timetable vote.</p>.<p>"I must express my disappointment that the House has voted for delay rather than a timetable that would have guaranteed the UK could leave on 31 October with a deal. We now face further uncertainty," Johnson told the House of Commons after the final of two important votes on Tuesday.</p>.<p>At the interbank foreign exchange, the rupee opened at 71.01 then fell to 71.03 against the US dollar, showing a decline of 9 paise over its previous closing.</p>.<p>The Indian rupee on Tuesday had closed at 70.94 against the US dollar.</p>.<p>Traders were also awaiting fresh cues on the potential US-China trade deal.</p>.<p>US President Donald Trump on Monday had said that the 'phase 1' China trade pact on track for November.</p>.<p>Meanwhile, brent crude futures, the global oil benchmark, fell 0.52 per cent to USD 59.39 per barrel.</p>.<p>Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 557.50 crore on Tuesday, as per provisional data.</p>.<p>Domestic bourses opened on a cautious note on Wednesday with benchmark indices Sensex trading 49.35 points down at 38,914.49 and Nifty lower by 7.50 points at 11,580.85.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.05 per cent to 97.57.</p>.<p>The 10-year government bond yield was at 6.53 per cent in morning trade.</p>
<p>The Indian rupee opened on a cautious note and fell 9 paise to 71.03 against the US dollar in early trade on Wednesday amid rising demand for the US dollar vis-a-vis other currencies overseas and unabated foreign fund outflows.</p>.<p>Forex traders said trading in emerging market currencies were subdued after the British Prime Minister Boris Johnson lost the crucial Brexit Bill timetable vote.</p>.<p>"I must express my disappointment that the House has voted for delay rather than a timetable that would have guaranteed the UK could leave on 31 October with a deal. We now face further uncertainty," Johnson told the House of Commons after the final of two important votes on Tuesday.</p>.<p>At the interbank foreign exchange, the rupee opened at 71.01 then fell to 71.03 against the US dollar, showing a decline of 9 paise over its previous closing.</p>.<p>The Indian rupee on Tuesday had closed at 70.94 against the US dollar.</p>.<p>Traders were also awaiting fresh cues on the potential US-China trade deal.</p>.<p>US President Donald Trump on Monday had said that the 'phase 1' China trade pact on track for November.</p>.<p>Meanwhile, brent crude futures, the global oil benchmark, fell 0.52 per cent to USD 59.39 per barrel.</p>.<p>Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 557.50 crore on Tuesday, as per provisional data.</p>.<p>Domestic bourses opened on a cautious note on Wednesday with benchmark indices Sensex trading 49.35 points down at 38,914.49 and Nifty lower by 7.50 points at 11,580.85.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.05 per cent to 97.57.</p>.<p>The 10-year government bond yield was at 6.53 per cent in morning trade.</p>