India, Jan. 5 -- The Indian rupee opened on a weak note and declined 4 paise to 90.24 against the US dollar in early trade on Monday, weighed down by heightened geopolitical tensions following US intervention in Venezuela, which lifted demand for the American currency.
According to forex traders, the rupee is likely to remain under pressure amid ongoing geopolitical developments, though softer crude oil prices could provide some cushion. At the interbank foreign exchange market, the domestic currency opened at 90.21 against the dollar and slipped further to trade at 90.24 in early deals.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....