India, June 3 -- The rupee depreciated 28 paise to 95.64 against the US dollar in early trade on Wednesday, after the US Trade Representative proposed 12.5 per cent additional duties on India and 53 other countries over forced labour import violations.
Forex traders said the US Trade Representative's action, amid fresh hostilities and stalled talks between the US and Iran, weighed on investor sentiment.
At the interbank foreign exchange market, the rupee opened at 95.43 against the US dollar, then touched 95.64 in early trade, down 28 paise from its previous close.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....