Indian rupee settles 21 paise lower at 73.35 against US dollar

Indian rupee settles 21 paise lower at 73.35 against US dollar

The rupee depreciated 21 paise to 73.35 (provisional) against the US dollar on Monday as strengthening American currency and muted domestic equities weighed on the local currency.

At the interbank forex market, the rupee opened at 73.17, lost further ground, and finally closed at 73.35 against the American currency, down 21 paise from its previous close.

During the session, the local unit witnessed an intra-day high of 73.03 and a low of 73.44 against the greenback. The rupee had closed at 73.14 against the US dollar on Friday.