India, July 13 -- The Indian rupee opened on a weaker note on Monday, slipping 39 paise to 95.77 against the US dollar in early trade, as a sharp rise in crude oil prices weighed on market sentiment.
According to forex traders, the rupee came under pressure after Brent crude climbed above USD 79 per barrel following Iran's announcement of the closure of the Strait of Hormuz. At the interbank foreign exchange market, the domestic currency opened at 95.72 and further weakened to 95.77 against the greenback, marking a decline of 39 paise from its previous close.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....