Rupee plummets 56 paise to 86.08 against US dollar in early trade
Mumbai, Jun 13 (PTI) Rupee declined 56 paise to 86.08 against the US dollar in early trade on Friday due to a spike in global oil prices and a firm dollar amid rising tensions in the Middle East following a fresh Israel attack on Iran’s nuclear sites. A weak opening in domestic equity markets and heavy FII outflows further contributed to the fall in the local unit, forex traders said. At the interbank foreign exchange, the local unit opened at 86.25 against the greenback before inching up to 86.08, down 56 paise from its previous close. The rupee had settled