Rupee declines by 59 Paise

Rupee declines by 59 Paise

Agency News

The rupee declined around 59 paise in the morning against the US dollar at 72.03 on Monday.

That marked the lowest intraday level recorded for the rupee so far in calendar year 2019. Analysts say weakness across emerging market currencies with the Chinese yuan hitting an 11-year low put pressure on the rupee. Weakness in international oil prices however provided some support to the rupee and limited its downside.