Rupee falls 11 paise to 87.29 against US dollar

MUMBAI: (Aug 4) The rupee depreciated 11 paise to 87.29 against the US dollar in early trade on Monday, weighed down by sustained foreign fund outflows and concerns over trade tariffs.

Forex traders said the weakness in the dollar index and easing crude oil prices supported the rupee at lower levels.

At the interbank foreign exchange market, the rupee opened at 87.21 and fell to an early low of 87.29 against the American currency, registering a decline of 11 paise over its previous