American Currency

The rupee depreciated 37 paise to 82.29 against the US dollar in early trade on March 8.  The depriciation strengthen the American currency in the overseas market and a negative trend in domestic equities. Furthermore, at the interbank foreign exchange, the domestic unit opened weak at 82.25 against the dollar, then fell to 82.29, registering a decline, especially after rupee settled at 81.92 against the US dollar recently.