Mumbai: The rupee deprecated by 38 paise and fell to 71 per dollar mark in early trade on Tuesday amid strengthening of the American currency and weak opening in domestic equities.
The Indian rupee on Friday had closed at 70.78 against the US dollar.
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Forex market were closed on Monday on account of Bakri Id.
Brent crude futures, the global oil benchmark, fell 0.12 per cent to trade at USD 58.50 per barrel.
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Domestic bourses opened on a negative note on Tuesday with benchmark indices Sensex trading 152.26 points lower at 37,429.65 and Nifty down 41.15 points at 11,068.50. (PTI)
