Rupee sheds 16 paise against US dollar in early trade

DN Bureau

The rupee depreciated 16 paise to 69.11 against the US dollar in opening trade Monday on month-end demand for the American currency from importers amid a weak opening in domestic equity market.

Representational image
Representational image

Mumbai: The rupee depreciated 16 paise to 69.11 against the US dollar in opening trade Monday on month-end demand for the American currency from importers amid a weak opening in domestic equity market.

On Friday, the rupee had ended lower by 12 paise at 68.95 against the American currency on rise in demand for the greenback from importers and sell-off in domestic equities.

Meanwhile, the benchmark BSE Sensex fell by 306.53 points, or 0.80 per cent, at 37,858.08 in early deals.
 

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