Rupee depreciates 4 paise to 71.78 against US dollar in early trade

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MUMBAI: The Indian rupee opened on a cautious note and fell 4 paise to 71.78 against the US dollar in early trade on Monday.


At the interbank foreign exchange, the rupee opened weak at 71.78 against the US dollar, showing a decline of 4 paise over its previous closing.

On Friday, the Indian rupee had closed at 71.74 against the US dollar.

However, the rupee pared initial losses and was trading at 71.69 against the US dollar at 0935 hrs.

Domestic bourses opened on a positive note on Monday with benchmark indices Sensex trading 142.28 points up at 40,936.09 and Nifty higer by 28.10 points at 12,084.15.

According to provisional exchange data, foreign institutional investors (FIIs) sold shares worth Rs 1,892.29 crore on Friday.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.04 per cent to 98.31.

Crude oil benchmark, Brent Futures, rose 1.26 per cent to USD 61.26 per barrel.

The 10-year government bond yield was at 6.46 per cent in morning trade.

 

With inputs from Agency

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