Rupee opens flat at 71.75/$

The local unit on Thursday settled higher by 5 paise at 71.76 against the US Dollar amid softening crude oil prices and weakening of the greenback vis-a-vis other currencies overseas.

Nov 22, 2019 03:11 IST India Infoline News Service

rupee
The Indian rupee opened flat on Friday at 71.75 per dollar vs. Thursday's close 71.76/$.

The local unit on Thursday settled higher by 5 paise at 71.76 against the US Dollar amid softening crude oil prices and weakening of the greenback vis-a-vis other currencies overseas.

The dollar held overnight gains as investors clung to the safe-haven pending developments in Sino-US trade negotiations and amid growing scepticism about reports of progress in the talks.

Meanwhile, oil prices rose on Thursday, as investors continued observing the escalating geopolitical frictions between Yemen's Houthi rebels and the Saudi-led coalition in the Middle East. 

Further, the stock market opened in the negative zone, with the Sensex down 16 points and the Nifty down 13 points.

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