Rupee weakens against dollar, Rupee falls by five paise to 85.53 per dollar in early trade
By DHEERAJ GUPTA 2024-12-30 10:52:44
Rupee depreciates against the dollar; in early trading, it dropped five paise to 85.53 per dollar.
Rupee fell by five paise to 85.53 per dollar in early trade on Monday. Investor sentiment was affected amid heavy demand for dollars from importers, foreign capital withdrawal and soft trend in domestic stock markets, which put pressure on the domestic currency. Foreign exchange traders said that the rupee witnessed heavy volatility on Friday and on Monday, the rupee weakened amid heavy demand for dollars related to the expiry of December currency futures and maturity in outstanding futures.
