The rupee depreciated by 37 paise to 69.60 against the US dollar in early trade Monday owing to increased demand for the greenback from importers and banks. At the Interbank Foreign Exchange, the rupee opened on a weak note at 69.40 then fell further to 69.60 against the US dollar, showing a decline of 37 paise over its previous closing.
The rupee depreciated by 25 paise to 68.66 against the US dollar in early trade on Thursday ahead of the Reserve Bank of India’s policy decision and foreign fund outflows.
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The rupee appreciated by 15 paise to 69.15 against the US dollar in opening trade Friday, driven by sustained foreign fund inflows and higher opening in the domestic equity market.
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