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Rupee opens 12 paise lower at 69.04 against US dollar

The domestic unit on Thursday climbed 19 paise to close at 68.92, also marking a third straight session of gains, driven by sustained foreign fund inflows.

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SI Reporter New Delhi
The rupee opened 12 paise lower at 69.04 against the US dollar on Friday amid firm crude oil prices and mixed Asian equities. 

The domestic unit on Thursday climbed 19 paise to close at 68.92, also marking a third straight session of gains, driven by sustained foreign fund inflows. Besides, weakness in the greenback against major global currencies and easing crude prices aided the rupee uptrend.

On the domestic front, CPI inflation numbers for March and industrial production data for February will be released. Expectation is that inflation could grow at a pace of 2.8 per cent compared to 2.57 per cent

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