Mumbai, July 7 -- The Indian rupee depreciated in opening trades on Monday from a one-month high. the domestic currency opened at Rs 85.53 per dollar and dropped to a low of 85.70 so far during the day. On Friday, rupee appreciated 16 paise to close at an over one-month high of 85.39 against the US dollar, tracking a decline in the American currency in the overseas market and a weak tone in crude oil prices. Besides, rupee alongside other Asian currencies, gained ground on renewed hopes of trade deals with the US. US President Donald Trump announced a trade agreement with Vietnam, and that injected a dose of optimism that perhaps more such agreements could be in the pipeline before the crucial July 9 deadline. Meanwhile, Asian stock marke...
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