The rupee depreciated 4 paisa, to close at 84.11/$1, versus its previous close of 84.07 per dollar, LSEG data showed. Likely interventions by the Reserve Bank of India (RBI) helped prevent a sharper decline. However, the RBI was not very aggressive in its dollar sales on Monday, traders said.
Dollar near two-month trough as US inflation data awaited
The US dollar experienced a decline against major currencies as investors closely monitor upcoming inflation figures. Both the euro and sterling gained strength, while the