Rupee slips 24 paise to 87.15 against US dollar

MUMBAI: (Jul 30) The rupee slipped below the 87 per dollar level against the US dollar in early trade on Wednesday as rising crude oil prices and uncertainty over the India-US trade agreement kept investor sentiments muted.

Forex traders said month-end dollar demand from importers and sustained foreign fund outflows weighed on the local unit.

At the interbank foreign exchange market, the rupee opened on a negative note and touched an early low of 87.15 against the American currency, registering a fall of 24 paise over its previous close.