Rupee slips 23 paise to 71.66 vs USD in early trade

August 20, 2019 10:01

The rupee opened on a weak note and fell 23 paise to 71.66 against the US dollar in early trade on Tuesday amid rising crude oil prices and unabated foreign fund outflows.

On Monday, the rupee had tumbled 29 paise to close at an over six-month low of 71.43 against the US dollar amid growing worries over economic slump.

Forex traders said investors are awaiting government intervention to revive the slowing economy. There are expectations that the government would come out with sector-specific stimulus sometime soon. -- PTI

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