Rupee falls 21 paise to 91.29 against US dollar in early trade

MUMBAI: (Mar 2) The rupee depreciated 21 paise to 91.29 against the US dollar on Monday, amid higher crude oil prices, a strong American currency and intense global volatility due to the escalated Middle East tension.

Negative equity market sentiment and massive withdrawal of foreign funds also weighed on the Indian currency, forex traders said.

At the interbank foreign exchange, the rupee opened at 91.23 and declined further to 91.29 against the greenback in initial deals, trading 21 paise down from its previous closing level.