Rupee slumps 32 paise to 74.63 against US dollar in early trade
The Hindu
The Indian rupee depreciated 32 paise to 74.63 against the US dollar in opening trade on Tuesday, tracking the strength of the American currency in the overseas market and a muted trend in domestic eq
The Indian rupee depreciated 32 paise to 74.63 against the US dollar in opening trade on Tuesday, tracking the strength of the American currency in the overseas market and a muted trend in domestic equities.
Forex traders said rising crude oil prices and risk-off sentiments could weigh on investor sentiment and drag down the local unit.
At the interbank foreign exchange, the rupee opened on a weak note at 74.63, registering a decline of 32 paise from the last close. On Monday, the rupee had settled at 74.31 against the US dollar.
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