Rupee falls 2 paise to 86.55 against US dollar in early trade today

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Rupee falls 2 paise to 86.55 against US dollar in early trade today - Business Standard

Quick Summary:

The rupee pared its initial marginal gain and slipped 2 paise to 86.55 against the US dollar in early trade on Wednesday as the positive sentiment in the domestic equity markets was negated by elevated crude oil prices and massive withdrawal of foreign funds.

On Tuesday, the rupee rebounded from its lowest-ever level and settled with a gain of 17 paise at 86.53 against the dollar.

However, the local unit soon pared the gains and traded at 86.55 against the dollar, 2 paise lower from its previous close.