The Indian rupee closed weaker against the U.S. dollar on Monday as a fall in the dollar index offset the impact of a rise in crude oil prices.
The local currency weakened 8 paise to close at an all-time weakest level of Rs 83.35 against the U.S. dollar on Monday, after opening at Rs 83.27. It closed at 83.27 on Friday, according to Bloomberg data.
"We (the rupee) continue to be in the frustrating range of Rs 83.3-83.00 If Rs 83.30 continue to resist, expect the pair to slip to Rs 83.19. Push above Rs 83.3 could call for Rs 83.4 initially, and then Rs 83.65," Geojit Financial Services said in a note.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
