The rupee declined by 14 paise to 76.23 against the US dollar in opening trade on Friday, as muted domestic equities and persistent foreign fund outflows weighed on the local unit. Forex traders said growing concerns over the Omicron variant of coronavirus and its impact on economic recovery as well as firm crude oil prices weighed on the local unit. At the interbank foreign exchange, the rupee opened weak at 76.23 against the US dollar in early deals, registering a decline of 14 paise from the last close.

The rupee declined by 14 paise to 76.23 against the US dollar in opening trade on Friday, as muted domestic equities and persistent foreign fund outflows weighed on the local unit. Forex traders said growing concerns over the Omicron variant of coronavirus and its impact on economic recovery as well as firm crude oil prices weighed on the local unit. At the interbank foreign exchange, the rupee opened weak at 76.23 against the US dollar in early deals, registering a decline of 14 paise from the last close.