On Tuesday, the rupee had settled at 74.55 against the US dollar. Mumbai The Indian Rupee depreciated 15 paise to 74.70 against the US dollar in opening trade on Wednesday amid a weak risk appetite in the region. At the interbank foreign exchange, the rupee opened at 74.60 against the dollar, then fell further to 74.70, registering a fall of 15 paise over its previous close. The Indian rupee started on a weaker note this Wednesday against the greenback tracking broad dollar strength and weak regional risk appetite, Reliance Securities said in a research note. Asian currencies have started weaker against the American currency this morning and could weigh on sentiments, the note added.

Source: The Hindu July 07, 2021 06:02 UTC