Rupee Drops 17 Paise To 73.44 Against Dollar: 5 Things To Know

INSUBCONTINENT EXCLUSIVE:
INR vs USD: On Thursday, the rupee had depreciated by 11 paise to close at 73.27 against the dollarThe rupee weakened by 17 paise to hit an
outflows, reported news agency Press Trust of India
Strength in the dollar against a group of currencies overseas and a lower opening in the domestic equity markets also weighed on the rupee,
On a net basis, foreign funds sold shares worth Rs 1,495.71 crore, while domestic institutional investors bought shares to the tune of Rs
Globally, crude Oil prices fell on Friday and were heading for a third weekly loss, pulled down as Saudi Arabia's OPEC governor said the
market may become oversupplied soon and after a slump in global equities clouded the outlook for demand.4
Brent crude futures were down 51 cents, or 0.7 per cent, at $76.38 a barrel by 9:01 am, according to news agency Reuters.5
Asian shares slipped on Friday, deepening this week's markets rout, after disappointing results from Alphabet Inc and Amazon.com