Rupee falls 17 paise to 86.72 against US dollar amid rise in global crude oil prices
Mumbai, Jun 23 (PTI) Rupee declined 17 paise to 86.72 against the US dollar in early trade on Monday as global crude oil prices surged following the US’s attack on three nuclear facilities in Iran. A strengthening dollar and weak domestic equity markets put further pressure on the local unit, according to forex traders. However, an increase in FII inflows and a rise in the country’s forex reserves prevented further losses in the local currency, they said. Brent crude, the global oil benchmark, rose 2 per cent to USD 77.27 per barrel in futures trade, while the dollar index, which