Rupee Depreciates 25 Paise To 68.66 Against US $
Mumbai: The rupee fell by 25 paise to 68.66 against the U.S. dollar in early trade on Thursday, ahead of the Reserve Bank of India’s policy decision and foreign fund outflows.
At the Interbank Foreign Exchange, the rupee opened on a weak note at 68.56 then fell further to 68.66 against the U.S. dollar, showing a decline of 25 paise over its previous closing.
The local unit, however, recovered some losses and was quoted at 68.62 against the American currency on Thursday morning.
On Wednesday, the rupee had surged by 33 paise to close at 68.41 against the U.S. dollar.
Brent crude futures, the global oil benchmark, fell 0.04 per cent to $69.28 per barrel.
Meanwhile, domestic bourses opened on a cautious note Thursday with benchmark indices Sensex trading 2.38 points down at 38,861.58 and Nifty up 4.75 points at 11,648.70.