Oil struggles to hold five-month high amid growing demand fears

Investors remained wary of rising refined product inventories at a time when US bankers said rise in cases was slowing the economic recovery

Rupee opens at 76-mark, slips 32 paise against US dollar

Forex traders said risk appetite has waned and there is growing concern about a resurgence of COVID-19 infections

At the interbank foreign exchange the rupee opened at 75.52, then gained ground and touched 75.51, registering a rise of 8 paise

Forex traders said weak opening in domestic equities dragged the local unit amid mounting fears of a coronavirus-led economic slowdown

At the interbank foreign exchange the rupee opened at 74.60, registering a rise of 56 paise over its previous close

At the interbank foreign exchange, the rupee opened at 76.02, registering a rise of 18 paise over its previous close

The forex market sentiment, pulling the rupee down to 73.44 against the previous day's close of 73.39 a dollar.

The rupee opened at 73.10, then gained further ground and touched a high of 72.90 against the US dollar.

The dollar index, which gauges the greenback's strength against the basket of six currencies was trading 0.15 per cent lower at 97.98.

Foreign fund outflows and strengthening of the American currency weighed on rupee and restricted its upmove.