- June 22, 2021
- Posted by: Stratford Team
- Category: Economy
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 0.03 up 91.93%.
The Indian rupee slumped 10 paise to 74.20 against the U.S. dollar in opening trade on Tuesday as rising crude oil prices weighed on investor sentiment.
At the interbank foreign exchange, the rupee opened lower at 74.18 against the dollar, then fell further to 74.20, registering a fall of 10 paise over its previous close.
On Monday, the rupee had settled at 74.10 against the U.S. dollar.
“Asian currencies have started weak against the greenback this Tuesday morning and surging crude oil prices could continue to keep appreciation bias limited,” Reliance Securities said in a research note.
Global oil benchmark Brent crude futures rose 0.32% to $75.14 per barrel.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 0.03 up 91.93%.
“The U.S. dollar…
