A person holding Indian two hundred rupee notes. (Photo: Usha Kunji/BQ Prime)
The Indian rupee depreciated against the U.S. dollar after two days of gains.
The currency opened at 81.59 against the greenback, down 0.31% compared to Friday's close of 81.34. The rupee had remained firm after the RBI's repo rate hike on Friday.
During the day, the rupee fell as much as 0.72% to 81.93. At close, the local currency traded at 81.87, down 0.65%.
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