Rupee falls 14 paise to 73.16 against US dollar in early trade
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The Indian rupee slumped 14 paise to 73.16 against the US dollar in opening trade on Monday, as rising crude oil prices and strengthening of the American currency in the overseas market weighed on investor sentiment. At the interbank forex market, the domestic unit opened at 73.13 against the US dollar, then fell further to 73.16 against the American currency, registering a decline of 14 paise over its previous close. On Friday, the rupee had settled at 73.02 against the American currency.
