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( As on 03/11/2025 10:48)

Rupee weakens 7 paise to 88.77 against US Dollar in early trade

The Indian rupee depreciated by 7 paise to 88.77 per US dollar in Monday’s early session, pressured by firm crude oil prices and persistent foreign fund outflows amid global trade uncertainties.

Forex traders noted that weak domestic market sentiment also added to the currency’s decline, although the softness in the US dollar helped limit further losses.

At the interbank foreign exchange market, the rupee opened at 88.73 and later slipped to 88.77 against the greenback, registering a 7 paise drop from its previous close.