Rupee sheds 10 paise against USD ahead of macro data

MUMBAI: The rupee depreciated by 10 paise to 67.52 against the US dollar in early trade today ahead of release of key IIP and inflation data.

Dealers attributed the rupee's fall to fresh demand for the US currency but a higher opening in domestic stocks limited the fall.

Major currencies were mostly weak against the US dollar overseas as a historic US-North Korea summit got underway in Singapore.

Yesterday, the rupee had ended 8 paise higher at 67.42 against the US currency, cutting short its two-day decline.

Meanwhile, the benchmark BSE Sensex was trading higher by 84.35 points, or 0.23 per cent, at 35,567.82 in opening deals.

(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)

 

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PTI