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Rupee slips 37 paise to 69.60 vs USD in early trade
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.
Mumbai: 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.
Also Read: Rupee rises by 12 paise to 69.05 vs USD in early trade
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 skidded 6 paise to finish at 69.23 per US dollar Friday.
Also Read: Sensex rises over 200 pts on positive global cues
Meanwhile, domestic bourses opened on a bullish note Monday. The BSE gauge Sensex was trading above crucial 39,000-level and the NSE Nifty was heading towards 11,700-mark in early trade on Monday, led by gains in metal, IT and capital goods stocks tracking robust Asian cues.(PTI)