Rupee falls 7 paise to 89.43 against USD

Rupee falls 7 paise to 89.43 against USD

MUMBAI [Maha Media]: The rupee weakened by 7 paise to 89.43 against the US dollar in early trade on Friday amid a strong greenback and higher crude oil prices in the international market.

According to forex experts, the Indian currency was also weighed down by the withdrawal of foreign funds even as investors moved cautiously, awaiting the GDP growth numbers for the July-September period to be announced later in the day.

At the interbank foreign exchange market, the rupee opened at 89.41. It slipped further to trade at 89.43 against the greenback in initial deals, registering a loss of 7 paise from its previous closing level.
 

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