The rupee depreciated 4 paise to 72.87 against the US dollar in early trading on Monday, following a robust US foreign money overseas and rising crude costs.
However, a optimistic development in home fairness markets and the influx of international funds restricted the rupee’s decline, foreign money merchants stated.
In the interbank change fee, the home unit opened decrease at 72.88 against the US dollar and regained some floor to commerce at 72.87 in early trading, a drop of 4 paise on its earlier shut.
On Friday, the rupee had risen 29 paise to hit an eight-week excessive of 72.83 against the US dollar.
World oil benchmark Brent crude futures rose 0.54 % to $ 66.80 a barrel.
Meanwhile, the dollar index, which measures the power of the dollar against a basket of six currencies, strengthened 0.03 % to 90.03.
Foreign institutional traders have been web patrons in the capital market on Friday, shopping for shares value 510.16 million rupees, in accordance to change information.
On the home inventory market entrance, BSE Sensex traded 197.38 factors or 0.39 % larger at 50,737.86, whereas the broader NSE Nifty superior 39.35 factors or 0.26 % to 15,214.65 .