The rupee depreciated 12 paise to 81.97 against the US dollar in early trade on Monday, weighed down by firm crude oil prices and a negative trend in domestic equities. Forex traders said the strengthening of the American currency in the overseas market also weighed on the local unit.
US stocks: Dow rockets 1,100 points, S&P over 2% as oil slide cools inflation worries; Nvidia slumps
US stocks experienced a notable upswing on Monday following a decline in oil prices that calmed inflation worries and propelled market growth. The S&P 500