Rupee depreciates by 9 paise to 72.02 against US dollar

Rupee depreciated by 9 paise to 72.02 against the US dollar in early trade Monday.

Rupee halting its four-day winning streak, ahead of RBI’s board meet.

RBI’s board meeting likely to resolve issues today

Fresh demand for the American currency from importers amid rise in crude prices weighed on the domestic unit, dealers said.

Fuel prices further reduced

However, weakness in the US dollar against some currencies in global market and a higher opening of the domestic equity markets limited the rupee fall ahead of Reserve Bank of India’s board meet, dealers said.

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