Rupee falls 15 paise to 94.48 against USD

Rupee falls 15 paise to 94.48 against USD

MUMBAI [Maha Media]: The rupee depreciated 15 paise to 94.48 against the US dollar in early trade on Monday, weighed down by the strength of the American currency in the overseas market.

Forex traders said the rupee witnessed volatility as steady debt and deposit inflows pulled the domestic currency in one way, while a nervous Middle East and a firm dollar pulled it the other way.

At the interbank foreign exchange market the rupee opened at 94.42, registering a decline of 9 paise from its previous close.

On the last trading day of last week, that is Friday, there was a decline in the stock market. Sensex fell by about 607 points and closed at the level of 76,802. Nifty also declined by 154 points, it closed at the level of 24,013.
 

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