Mumbai: The rupee opened on a cautious note and fell 9 paise to 68.80 against the US dollar in early trade Wednesday amid rising crude oil prices and foreign fund outflows.
The Indian rupee Tuesday had closed at 68.71 against the US dollar.Domestic bourses opened on a cautious note Wednesday with benchmark indices Sensex trading 75.05 points up at 39,206.09 and Nifty up 21.55 points at 11,684.15.
Meanwhile, on the global front, the Trump administration has said that there is an "enormous potential" for growth in the India-US relationship and has exuded confidence that the ongoing trade issues could be worked through because of the friendship between the two nations.
"As it relates to our trade relationship, the secretary (of state) has said this as well when we were in India: that we see a lot of opportunity for growth in our relationship. We see enormous potential," State Department Spokesperson Morgan Ortagus told reporters at a news conference on Tuesday. (PTI)
