India, March 12 -- The Indian rupee depreciated by 31 paise to 92.32 against the US dollar in early trade on Thursday, weighed down by foreign institutional investor (FII) outflows, rising global crude oil prices, and continued strength in the US dollar amid persisting geopolitical tensions in West Asia.
According to market participants, the weak opening in domestic equity markets also added pressure on the local currency.
In the interbank foreign exchange market, the rupee opened at 92.25 against the US dollar and slipped further to 92.32, marking a decline of 31 paise from its previous close.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....