Rupee slips 7 paise at 71.91 against US Dollar

The dollar fell against the yen as receding hopes for a preliminary trade deal between the US and China hurt demand for the greenback.

Nov 19, 2019 03:11 IST India Infoline News Service

The Indian rupee opened lower on Tuesday against the dollar tracking the decline in most regional currencies, as fund flows and US-China trade negotiations continue to remain in focus. The local unit depreciated by 7 paise at 71.91 against US Dollar.

The currency on Monday settles 6 paise lower at 71.84 against the dollar on the back of continued forex outflows and gains in the dollar in global markets.

The dollar fell against the yen as receding hopes for a preliminary trade deal between the United States and China hurt demand for the greenback.

Further, oil prices fell for the second straight day amid market jitters over limited progress between China and the United States on rolling back trade tariffs, exacerbated by a rise in US inventories.

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