Indian rupee falls to Rs 74.20 against US dollar

23 June, 2021 12:00 AM printer

NEW DELHI: The Indian rupee slumped 10 paise to 74.20 against the US dollar in opening trade on Tuesday as rising crude oil prices weighed on investor sentiment.

At the interbank foreign exchange, the rupee opened lower at 74.18 against the dollar, then fell further to 74.20, registering a fall of 10 paise over its previous close, report agencies.

On Monday, the rupee had settled at 74.10 against the US dollar.

“Asian currencies have started weak against the greenback this Tuesday morning and surging crude oil prices could continue to keep appreciation bias limited,” Reliance Securities said in a research note.

Global oil benchmark Brent crude futures rose 0.32 per cent to USD 75.14 per barrel.