On Thursday, the rupee had closed at 74.52 against the U.S. dollar. The Indian rupee depreciated by 16 paise to 74.68 against the U.S. dollar in opening trade on Friday, tracking the negative domestic equity market and a firm American dollar. At the interbank foreign exchange, the rupee opened on a weak note at 74.60, then lost further ground and touched 74.68 against the American dollar, registering a decline of 16 paise from the last close. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.05% to 96.72. On the domestic equity market front, the 30-share Sensex was trading 1201.47 points or 2.04 % lower at 57,593.62, while the broader NSE Nifty declined 360.90 points or 2.06% to 17,175.35.

Source: The Hindu November 26, 2021 12:14 UTC