Benchmark Indices Opened Lower With The Sensex Falling 81.89 Points

Benchmark indices opened lower with the Sensex falling 81.89 points to 39,133.75 and the Nifty50 slipping 21 points to 11,666.50 due to weak Asian cues.

The International Monetary Fund on July 17 said that the US dollar was overvalued by 6 percent to 12 percent, based on near-term economic fundamentals, while the euro, Japan's yen and China's yuan were seen as broadly in line with fundamentals.

The IMF has been at odds with US President Donald Trump over his use of tariffs to resolve trade imbalances, but its assessment that the dollar is overvalued is likely to give Trump more fodder for his frequent complaints that dollar strength is hampering US exports.

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