The Indian rupee witnessed a weak session on Monday and depreciated by 53 paise during mid-day trade deals to an intra-day low of 72.7363 per US dollar. Forex dealers said a strong US dollar, along with heavy sell-off in the domestic stock market and higher crude oil prices, weighed on the rupee’s sentiment. The rupee had opened nearly 27 paise lower at 72.47 against the dollar on Monday, Bloomberg data showed. At the time of reporting, the Indian rupee was trading 37 paise lower at 72.5725 against the American currency from its Friday’s close at 72.2038/$.
The Indian rupee witnessed a weak session on Monday and depreciated by 53 paise during mid-day trade deals to an intra-day low of 72.7363 per US dollar. Forex dealers said a strong US dollar, along with heavy sell-off in the domestic stock market and higher crude oil prices, weighed on the rupee’s sentiment. The rupee had opened nearly 27 paise lower at 72.47 against the dollar on Monday, Bloomberg data showed. At the time of reporting, the Indian rupee was trading 37 paise lower at 72.5725 against the American currency from its Friday’s close at 72.2038/$.
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