By PTI
MUMBAI: The rupee declined 26 paise to 76.10 against the US dollar in opening trade on Monday, following its Asian peers after crude oil prices and the American dollar reversed their recent declines. Besides, a lacklustre trend in domestic equities also weighed on investor sentiment.
At the interbank foreign exchange, the rupee opened at 76.08 against the US dollar, then slipped further to 76.10, registering a decline of 26 paise from the last close.
On Thursday, the rupee spurted by 37 paise to close at 75.84 against the US dollar.
The forex market was closed on Friday on account of Holi.
Global oil benchmark Brent crude futures jumped 3.10 per cent to USD 111.28 per barrel.
The Indian Rupee opened weak against the US dollar as crude oil prices and the dollar reversed some of their recent declines, said Sriram Iyer, senior research analyst at Reliance Securities.
Moreover, most of the Asian…
