Rupee opened flat at 69.58 vs USD in early commerce


Mumbai: The rupee opened on a flat notice at 69.58 towards the US greenback in opening commerce Monday amid rising crude oil costs and international fund outflows.

Foreign exchange merchants stated the home forex was beneath strain and was buying and selling in a slim vary after media report surfaced that Viral Acharya has give up as RBI deputy governor.

As per studies Acharya has resigned six months earlier than the scheduled finish of his time period.

The rupee opened at 69.58 on the interbank foreign exchange market, unchanged from its earlier closing degree.

Foreign exchange merchants stated, rising crude oil costs, international fund outflows and cautious opening in home equities stored traders edgy.

Brent crude futures, the worldwide oil benchmark, rose 0.38 per cent to USD 65.45 per barrel.

Overseas institutional traders (FIIs) remained web sellers within the capital markets, pulling out Rs 730.58 crore Friday, as per provisional knowledge.

Home bourses opened on a cautious notice Monday with benchmark indices Sensex buying and selling 26.44 factors down at 39,220.93 and Nifty down 5.55 factors at 11,729.65.

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