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Rupee Opens Lower At 71.22

Roshni Agarwal

Rupee in Thursday's trade resumed at a weak note, dropping 14 paise against previous session's close of 71.08 per US dollar.

In the previous session, just before the trading holiday on October 2, rupee fell on account of heavy selling in equities as well as gain in crude continued to pressure on the home currency.

Also, the government last week iterated that it will continue with its borrowing programme for the second half of the fiscal year, which saw the bond yield drag lower.

Meanwhile, indices today opened sharply lower, Nifty is trading below 11,280 points while Sensex is also down by more than 250 points.

Notably, the sentiment in the local indices will be governed largely by the direction from the US-China trade talk that is slated for October 10.

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