Rupee slips 19 paise to 69.45 in early trade ahead of RBI policy outcome amid rising crude prices

Mumbai: The rupee opened on a weak note and declined by 19 paise to 69.45 against the US dollar in opening trade Thursday, ahead of the Reserve Bank of India’s monetary policy decision.

Forex traders said, foreign fund outflows and rising crude oil prices also kept pressure on the Indian rupee. The RBI’s Monetary Policy Committee (MPC) is slated to announce its bi-monthly policy decision later in the day.

The rupee opened weak at 69.41 at the interbank forex market and then fell further to 69.45, down 19 paise over its last close.