Updated: Jun 26, 2018, 09.38 AM IST
NEW DELHI: Keeping up with its free fall, therupee
on Tuesday opened 5 paise lower at 68.18 against the US dollar.
The domestic currency on Monday took a severe beating and ended lower by 29 paise at 68.13 against the greenback due to month-end demand for the American unit from importers and banks.
The domestic unit remained under pressure as fears of an escalating trade conflict between the US and China ratcheted up another notch following Trumps latest threat aiming at Chinese investments - a move which could have great long-term consequences on the US-Sino economic ties.
The simmering trade dispute between US and its major trading partners remains a critical issue for global markets.
Global stocks extended a sell-off as an escalating trade fight between the United States and other major economies steered investors away from riskier assets, lifting safe-haven US Treasuries and keeping the dollar on the defensive, Reuters added.
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