The Indian rupee opened lower at 71.78 per dollar on Monday vs. Friday's close 71.74/$. The currency is trading lower by 6 paise at 71.69 against US Dollar.

The Indian rupee settled 12 paise lower at 71.74 against the US dollar on Friday.

Besides, foreign institutional investors (FIIs) sold shares worth Rs1,892.29cr, while domestic institutional investors (DIIs) bought shares of worth Rs953.62cr in the Indian equity market on November 29, as per provisional data available on the NSE showed.

On the economy front, India’s GDP growth has moderated to 4.5% for the quarter ended September 2019 from 5% in June 2019 quarter and 7% in June 2018 quarter.

The Eight Core Industries carrying 40.27% weight in the Index of Industrial Production (IIP) recorded a 5.8% decline in the output for October 2019 over October 2018. Its cumulative output rose a mere 0.2% in April-October 2019-20.

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