Indian Rupee opens weak for the fourth session

ChiniMandi Mumbai: The Indian rupee on Thursday was weak for the fourth session against the US dollar, tracking losses in other Asian currencies owing to US President Donald Trump’s statement at a campaign rally where he said China “broke the deal”, referring to the ongoing trade talks between Washington and Beijing.

At 9.15am, the rupee traded at 69.87 a dollar, down 0.22% from its previous close of 69.71. The Indian currency opened at 69.92 a dollar.
Currently the rupee is trading at 70.03 up 0.19%

A Chinese delegation headed by Vice Premier Liu He is scheduled to arrive in Washington on Thursday for trade talks with U.S. officials. The U.S. had earlier said it will raise tariffs on $200 billion of Chinese goods to 25% from 10% on Friday.

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