Rupee Drops Further, Opens 16 Paise Lower Against US Dollar. 5 Points

INSUBCONTINENT EXCLUSIVE:
Dealers said a flat opening of the equity market also capped the fall today.The Indian rupee weakened by 16 paise in morning trade on
Tuesday to open at 68.96 against the US dollar, reported Press Trust Of India (PTI)
The fall in Indian rupee in today's trading is due to sustained capital outflows amid strengthening of the American currency overseas
With this drop, the Indian currency is extending losses for the second session, said PTI
On Monday, the rupee ended lower by 34 paise to end at a near five-year low of 68.80 against the buoyant US dollar in the midst of weak
US currency from importers, persistent outflows by foreign funds and the dollar's strength against some other currencies overseas, political
10:44 am, the SP BSE Sensex was at 35,285.06, with a gain of 20.65 points or 0.06 per cent
At the same time, the Nifty50 benchmark of the National Stock Exchange (NSE) traded at 7.65 points or 0.07 per cent higher at 10,664.95
1,205.12 crore, while domestic institutional investors (DIIs) bought equities to the tune of Rs
time ever on Thursday and hit a life-time low of 69.10
Asia's third-largest economy is facing severe macro challenges against the grim backdrop of soaring global crude prices, which is most