Indian Rupee Depreciates To 76.73/US Dollar; Hawkish Fed & Firm Dollar Weigh

Indian currency in trade on April 25 opened on a weakish note dropping to 76.75 levels against the greenback. This has been on firmer dollar. The rupee in the interbank foreign market depreciated in early trade to 76.65 per US dollar. In the previous trading session, the rupee settled at 76.42 per US dollar.

Weak equities, hawkish Fed's call of aggressive balance sheet tapering along with faster rate hikes and the firm dollar has been weighing on the domestic unit.

Last at around 12:20pm, Indian currency has been trading at 76.73, depreciating 0.29%.

Also, crude though down by over 3% still continues to be over $100 per bbl for the Brent benchmark hovering at above $102 per bbl.