<p>The Indian rupee depreciated 8 paise to 71.34 against the US dollar in early trade on Monday tracking uncertainty over the US-China trade deal and subdued opening of the domestic equity market.</p>.<p>However, weakness in the US dollar against other currencies overseas and easing crude oil prices supported the domestic unit and capped the fall.</p>.<p>At the interbank foreign exchange, the rupee opened at 71.36 against the US dollar, showing a decline of 8 paise over its previous closing.</p>.<p>On Friday, the local unit had closed an over three-week low of 71.28 against the US dollar.</p>.<p>Domestic bourses opened on a weak note on Monday with benchmark indices Sensex trading 126.40 points down at 40,197.21 and Nifty slipping 28.50 points to 11,879.65 ahead of the release of monthly industrial production data.</p>.<p>Foreign institutional investors purchased shares worth Rs 932.20 crore on Friday, according to provisional exchange data.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, fell marginally by 0.01 per cent to 98.34.</p>.<p>Crude oil benchmark, Brent Futures, eased 0.86 per cent to USD 61.97 per barrel.</p>.<p>The 10-year government bond yield was at 6.55 per cent in morning trade.</p>.<p>On the global front, US President Donald Trump said he has not agreed to roll back tariffs on Chinese imports, dampening recent optimism for a major de-escalation in the US-China trade war.</p>
<p>The Indian rupee depreciated 8 paise to 71.34 against the US dollar in early trade on Monday tracking uncertainty over the US-China trade deal and subdued opening of the domestic equity market.</p>.<p>However, weakness in the US dollar against other currencies overseas and easing crude oil prices supported the domestic unit and capped the fall.</p>.<p>At the interbank foreign exchange, the rupee opened at 71.36 against the US dollar, showing a decline of 8 paise over its previous closing.</p>.<p>On Friday, the local unit had closed an over three-week low of 71.28 against the US dollar.</p>.<p>Domestic bourses opened on a weak note on Monday with benchmark indices Sensex trading 126.40 points down at 40,197.21 and Nifty slipping 28.50 points to 11,879.65 ahead of the release of monthly industrial production data.</p>.<p>Foreign institutional investors purchased shares worth Rs 932.20 crore on Friday, according to provisional exchange data.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, fell marginally by 0.01 per cent to 98.34.</p>.<p>Crude oil benchmark, Brent Futures, eased 0.86 per cent to USD 61.97 per barrel.</p>.<p>The 10-year government bond yield was at 6.55 per cent in morning trade.</p>.<p>On the global front, US President Donald Trump said he has not agreed to roll back tariffs on Chinese imports, dampening recent optimism for a major de-escalation in the US-China trade war.</p>