Bhubaneswar, June 9, ( Newshub Desk) — The Indian Rupee depreciated by 3 paise against the US Dollar in early trade on Monday, reflecting ongoing volatility in global currency markets.
According to currency dealers, the fluctuation is driven by foreign exchange outflows and economic uncertainties.
At the interbank foreign exchange, the Rupee opened lower at 83.12 per USD compared to its previous close of 83.09.
Traders suggest the depreciation is influenced by investor sentiment, global crude prices, and anticipated US Federal Reserve policy decisions.
Experts expect further adjustments as markets react to inflation data and external financial developments. The Reserve Bank of India (RBI) is closely monitoring trends to ensure stability in currency valuations.
Market analysts suggest investors keep an eye on upcoming economic indicators and policy shifts that may impact exchange rates in the coming weeks.
