Rupee falls 22 paise to settle at 86.02 against US dollar

MUMBAI: (Jul 14) The rupee depreciated 22 paise and fell below 86 level to close at 86.02 (provisional) against the US dollar on Monday amid a rise in global crude oil prices and a strengthening greenback.

Foreign fund outflows and delay in any breakthrough in the India-US trade deal further pressured the local unit, according to forex traders.

At the interbank foreign exchange, the local unit opened at 85.96 and traded in a narrow range of 85.92-86.05 before settling at 86.02 (provisional), down 22 paise from its previous close. PTI