Key Points
The rupee depreciated 12 paise to 81.97 against the U.S. dollar in early trade on April 17 weighed down by firm crude oil prices and a negative trend in domestic equities...
Forex traders said the strengthening of the American currency in the overseas market also weighed on the local unit...
At the interbank foreign exchange, the domestic unit opened at 81.90 against the dollar, then fell to 81.97, registering a decline of 12 paise over its last close...
Traders said factors like global market sentiment, quarterly earnings, crude oil prices, movement in US DXY & other FX currencies and lastly RBI's action will dictate terms for the domestic currency...
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