India, July 16 -- The Indian rupee slipped 6 paise to 96.31 against the US dollar in early trade on Thursday, pressured by volatile global crude oil prices, a stronger US dollar, and persistent geopolitical tensions in West Asia.
According to forex traders, continued FII outflows also weighed on the domestic currency, although a positive opening in the Indian equity markets helped limit the downside. The rupee opened at 96.28 in the interbank foreign exchange market before weakening further to 96.31 against the greenback.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....