Rupee falls 13 paise to 92.43 against US dollar

MUMBAI: (Mar 16) The rupee stayed weak and lost 13 paise to 92.43 against the US dollar in early trade on Monday, weighed down by massive withdrawal of foreign funds and surging crude oil prices amid geopolitical uncertainties.

Volatile sentiment in domestic equity markets further dragged the currency down even as the greenback retreated from higher levels, according to forex traders.

At the interbank foreign exchange, the local unit opened at 92.44 and stayed close to its lowest-ever intra-day level, trading at 92.43 against the greenback, registering a loss of 13 paise from its previous close.