<p>The Indian Rupee lost 34 paise against the US dollar in the early morning trade, as rating agency Moody's slashed India's outlook to negative from stable.</p>.<p> The domestic currency opened lower by 34 paise at 71.30 per greenback versus previous close 70.96.</p>.<p><strong>Also read — <a href="https://www.deccanherald.com/business/economy-business/moodys-cuts-india-outlook-to-negative-govt-defends-774358.html" target="_blank">Moody's cuts India outlook to negative; govt defends</a></strong></p>.<p> At the time of filing this copy, the domestic currency was trading 30 paise lower at 70.26.</p>.<p> On November 7, the rupee ended flat at 70.96 after it pared its initial losses against the US dollar after the US-China trade deal hopes enthused investor sentiments.</p>.<p> Earlier this morning, the rating agency Moody's downgraded India's economic outlook from stable to negative as the credit crunch in India's shadow banking continues.</p>
<p>The Indian Rupee lost 34 paise against the US dollar in the early morning trade, as rating agency Moody's slashed India's outlook to negative from stable.</p>.<p> The domestic currency opened lower by 34 paise at 71.30 per greenback versus previous close 70.96.</p>.<p><strong>Also read — <a href="https://www.deccanherald.com/business/economy-business/moodys-cuts-india-outlook-to-negative-govt-defends-774358.html" target="_blank">Moody's cuts India outlook to negative; govt defends</a></strong></p>.<p> At the time of filing this copy, the domestic currency was trading 30 paise lower at 70.26.</p>.<p> On November 7, the rupee ended flat at 70.96 after it pared its initial losses against the US dollar after the US-China trade deal hopes enthused investor sentiments.</p>.<p> Earlier this morning, the rating agency Moody's downgraded India's economic outlook from stable to negative as the credit crunch in India's shadow banking continues.</p>
