Rupee falls 14 paise to 76.05 against U.S. dollar

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At the interbank foreign exchange, the rupee opened lower at 76.05 against the U.S. dollar, registering a decline of 14 paise over its previous close.

On Monday, the rupee rose marginally to 75.91 against the U.S. dollar.

“Most Asian and emerging market peers are trading weaker against the US dollar this Tuesday morning, and rebounding crude oil prices could weigh on sentiments,” said Sriram Iyer, Senior Research Analyst at Reliance Securities.

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