The Indian rupee depreciated by 21 paise against the dollar in early trade on Tuesday on banks buying the US unit in anticipation of capital outflow by funds as domestic markets are seen opening in the negative.
The Indian rupee depreciated by 21 paise against the dollar in early trade on Tuesday on banks buying the US unit in anticipation of capital outflow by funds as domestic markets are seen opening in the negative.
ADVERTISEMENT
At the Interbank Foreign Exchange (forex) market, the domestic currency lost 21 paise to quote at 47.91 over the previous session's close of 47.70/72. The local unit had ended the day cheaper by nine paise yesterday.
Forex dealers said a strong greenback against a basket of Asian currencies and a negative outlook for the markets, which may follow suit from weak Asian bourses, weighed on the rupee sentiment.
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
