31
Dec
The rupee fell 9 paise to 85.61 against the US dollar in early trade on Tuesday due to a significant strength in the US currency overseas and a sluggish trend in domestic equity markets. Forex traders said the rupee continued to be under pressure due to the cautious stance of the Federal Reserve and the "Trump factor" that pushed the dollar index (DXY) and the US 10-year yield higher. Besides, on the domestic front, slow growth, widening trade deficit and persistent foreign fund outflows have further fuelled the rupee's depreciation. At the interbank foreign exchange market, the rupee opened on…
