
Rupee slips 1 paisa to 88.75 against USD
MUMBAI [Maha Media]: Rupee fell 1 paisa to 88.75 against the US dollar in early trade on Tuesday amid a strong American currency and uncertainties looming over the India-US trade deal.
According to forex traders, the Indian currency is under pressure due to unabated outflow of foreign capital and geopolitical developments.
At the interbank foreign exchange market, the rupee opened slightly higher at 88.72 against the US dollar, but soon lost ground to trade at 88.75, down 1 paisa from its previous closing level.