India, June 23 -- The Indian rupee slipped 6 paise to 94.69 against the US dollar in early trade on Tuesday, pressured by continued strength in the greenback, which hovered near a 13-month high.
According to forex traders, persistent foreign institutional investor (FII) outflows and a weak start in domestic equity markets weighed on the local currency. However, softer crude oil prices helped limit further losses.
In the interbank foreign exchange market, the rupee opened at 94.73 per dollar and later recovered slightly to 94.69, compared to its previous closing level.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....