The Indian rupee depreciated by 0.03 paise to Rs 66.9000 against the US dollar on Wednesday as a result of increased demand for the greenback from importers in the midst of appreciation in the American currency overseas. Further, a lower opening at the domestic equity market also weakened sentiment of the local unit. Further, rupee depreciated due to revision of a 33-year-old tax treaty between India and Mauritius that can potentially impact foreign institutional investments routed through the tax haven.
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