Dynamite News Rupee sheds 16 paise against US dollar in early trade
The rupee depreciated 16 paise to 69.11 against the US dollar in opening trade Monday on month-end demand for the American currency from importers amid a weak opening in domestic equity market.
Mumbai: The rupee depreciated 16 paise to 69.11 against the US dollar in opening trade Monday on month-end demand for the American currency from importers amid a weak opening in domestic equity market.
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On Friday, the rupee had ended lower by 12 paise at 68.95 against the American currency on rise in demand for the greenback from importers and sell-off in domestic equities.
Meanwhile, the benchmark BSE Sensex fell by 306.53 points, or 0.80 per cent, at 37,858.08 in early deals.
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