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Rupee skids in early morning trade amidst volatile domestic markets

The rupee remains volatile as investors stay cautious ahead of the US Federal Reserve meeting outcome later this week.

January 25, 2022 12:07 IST | India Infoline News Service
The Indian rupee opened flat against the greenback as the US Dollar index widened  ahead of the US Federal Reserve meeting outcome later this week. The local unit fell 13 paise at 74.70/$ amid geopolitical tensions persist, along with sustained foreign fund outflows and increased crude oil prices.

The US Dollar index that holds its strength against a bucket of six currencies, inched by 0.08% and was last seen at 96 points so far.

On Monday, US-Dollar has towered to its 2-week high against its major peers amid potential military conflict between Russia and Ukraine poses. All the Asian markets and emerging peers started weak today amidst geopolitical tensions near the Ukraine border persists.

Domestic equity market indicator BSE’s Sensex was last seen at 57,138.47 points, shedding near 353 points and the Nifty slipped by 79 points and was last seen at 17,070 points against the previous closing of 17,149.10 points.

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