<p>The Indian rupee opened on a weak note and fell 12 paise to 71.78 against the US dollar in early trade on Wednesday, amid weak opening in domestic equities and sustained foreign fund outflows.</p>.<p>Forex traders said the domestic unit is trading in a narrow range ahead of the RBI monetary policy decision on Thursday.</p>.<p>At the interbank foreign exchange, the rupee opened weak at 71.76 then fell to 71.78 against the US dollar, showing a decline of 12 paise over its previous closing.</p>.<p>The Indian rupee on Tuesday had closed at 71.66 against the US dollar.</p>.<p>Bankers and experts believe the Reserve Bank may cut interest rates for the sixth straight time on December 5, to support growth that has continued to slip.</p>.<p>Traders said rupee is trading in a narrow range as the market is awaiting fresh cues on the potential US-China trade deal.</p>.<p>US President Donald Trump has announced the imposition of tariffs on imports from Brazil and Argentina as well as indicated that a deal with China might not be happening till next year's US presidential polls.</p>.<p>Speaking in London he is attending a NATO summit, Trump said Tuesday ''I have no deadline, no."</p>.<p>“In some ways, I like the idea of waiting until after the election," Trump added.</p>.<p>Meanwhile, Brent crude futures, the global oil benchmark, rose 0.81 per cent to USD 61.31 per barrel.</p>.<p>Foreign institutional investors remained net sellers in the capital markets, as they sold shares worth Rs 1,131.12 crore on Tuesday, as per provisional data.</p>.<p>Domestic bourses opened on a cautious note on Wednesday with benchmark indices Sensex trading 62.79 points down at 40,612.66 and Nifty down 25.65 points to 11,968.55.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.01 per cent to 97.72.</p>.<p>The 10-year government bond yield was at 6.46 per cent in the morning trade.</p>
<p>The Indian rupee opened on a weak note and fell 12 paise to 71.78 against the US dollar in early trade on Wednesday, amid weak opening in domestic equities and sustained foreign fund outflows.</p>.<p>Forex traders said the domestic unit is trading in a narrow range ahead of the RBI monetary policy decision on Thursday.</p>.<p>At the interbank foreign exchange, the rupee opened weak at 71.76 then fell to 71.78 against the US dollar, showing a decline of 12 paise over its previous closing.</p>.<p>The Indian rupee on Tuesday had closed at 71.66 against the US dollar.</p>.<p>Bankers and experts believe the Reserve Bank may cut interest rates for the sixth straight time on December 5, to support growth that has continued to slip.</p>.<p>Traders said rupee is trading in a narrow range as the market is awaiting fresh cues on the potential US-China trade deal.</p>.<p>US President Donald Trump has announced the imposition of tariffs on imports from Brazil and Argentina as well as indicated that a deal with China might not be happening till next year's US presidential polls.</p>.<p>Speaking in London he is attending a NATO summit, Trump said Tuesday ''I have no deadline, no."</p>.<p>“In some ways, I like the idea of waiting until after the election," Trump added.</p>.<p>Meanwhile, Brent crude futures, the global oil benchmark, rose 0.81 per cent to USD 61.31 per barrel.</p>.<p>Foreign institutional investors remained net sellers in the capital markets, as they sold shares worth Rs 1,131.12 crore on Tuesday, as per provisional data.</p>.<p>Domestic bourses opened on a cautious note on Wednesday with benchmark indices Sensex trading 62.79 points down at 40,612.66 and Nifty down 25.65 points to 11,968.55.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.01 per cent to 97.72.</p>.<p>The 10-year government bond yield was at 6.46 per cent in the morning trade.</p>