Dynamite News Rupee slips 24 paise to 69.46 vs USD in early trade
The rupee depreciated by 24 paise to 69.46 against the US dollar in early trade Monday on increased demand for the US currency from importers and weak opening in domestic equities.
Mumbai: The rupee depreciated by 24 paise to 69.46 against the US dollar in early trade Monday on increased demand for the US currency from importers and weak opening in domestic equities.
The rupee opened weak at 69.38 at the interbank forex market and then fell further to 69.46, down 24 paise over its last close. The local currency however pared the initial loss and was trading at 69.41 at 0926 hrs.
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The rupee had strengthened by 15 paise to close at 69.22 against the US dollar Friday. Domestic bourses opened on a negative note Monday with benchmark indices Sensex trading 362.11 points down at 38,601.15 and Nifty down 112.75 points at 11,599.50.
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Brent crude futures, the global oil benchmark, fell 2.22 per cent to USD 69.28 per barrel.