The rupee on Tuesday slipped back to 74 levels after opening 18 paise higher at 73.88 against the US dollar.
The domestic unit fell up to 74.02 in the early trade. At 09:44 am, the currency was trading at 73.98 against the greenback.
Earlier, after crashing to a fresh record low of 74.06 on Monday, the rupee recovered a bit and opened 18 paise up at 73.88 against the US dollar on Tuesday.
The domestic unit on Monday slumped 30 paise to finish at a fresh lifetime low of 74.06 amid strengthening of the greenback and steady capital outflows. It was the 6th straight session of rupee depreciating against the dollar.
Foreign institutional investors (FII) were net sellers to the tune of Rs 4,419 crore on October 5, 2018. FIIs have been net sellers to the more than Rs 11,405 crore in October 2018, according to a note by ICICI Securities.
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