Mumbai, May 30: The rupee today opened on a subdued note with a loss of five paise at 67.91 against the US dollar at the interbank forex market. Strength in the dollar against other currencies overseas weighed on the domestic unit. Traders attributed the rupee's fall to sustained foreign fund outflows, increased demand for the US currency from importers and banks amid a lower opening in the domestic equity market.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 407.33 crore yesterday, provisional data showed. Yesterday, the rupee fell 43 paise to end at 67.86 due to heavy month-end dollar demand from importers. The benchmark BSE Sensex fell 214.13 points, or 0.61 percent, to 34,735.11 in opening trade today.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)