The Indian rupee weakened against the U.S. dollar on Monday.
The local currency weakened three paise to close at Rs 82.75 against the U.S dollar. It opened at Rs 82.68 on Monday.
The rupee had closed at Rs 82.72 on Friday, according to Bloomberg data.
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"The Indian Rupee could start stronger against the dollar this Monday after mixed payrolls data raised expectations that the Fed could pause in September," Reliance Securities said in a Sept. 4 note.
Reliance Securities expected the rupee to open in the Rs 82.63–82.65 range against the dollar, as compared with Rs 82.71 in the previous session. The range for the session was between Rs 82.50 and Rs 82.85, according to the brokerage.
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