Rupee falls 29 paise to close at 82.68 against US dollar

On Monday, the Indian rupee closed 29 paise lower at 82.68 (provisional) against the US dollar. The strength of the dollar in the overseas market weighed down the domestic unit. The rupee had opened at 82.47 against the dollar and touched a high of 82.45 and a low of 82.68 during the day. Analysts expect short-term volatility ahead of the Reserve Bank of India’s meeting this week. The interest rate pause and weaker regional currencies could further weaken the rupee, according to reports.