Mumbai, June 1: The rupee depreciated 34 paise to close at 95.19 against the US dollar on Monday, amid renewed geopolitical tensions between the US and Iran and a surge in crude oil prices.
Forex traders said the strength of the American currency in the overseas market and Israel-Lebanon tensions also deteriorated global risk sentiments.
At the interbank foreign exchange market, the rupee opened at 94.93 against the US dollar, then touched an intraday high of 94.73 and a low of 95.03 during the day.
At the end of Monday’s trading session, the rupee was quoted at 95.19, down 34 paise from its previous close. On Friday, the rupee appreciated 73 paise to close at 94.85 against the US dollar on suspected interventions by the RBI.
Forex traders said attention has now shifted toward the upcoming RBI Monetary Policy Committee meeting scheduled for June 3-5. The six-member Monetary Policy Committee (MPC), will announce its decision on June 5. (PTI)
