Rupee falls 26 paise against US Dollar

Also, strong US job data and rising crude oil prices in overseas market added pressure to the domestic unit.

The Indian rupee slipped 26 paise at 69.49 against US Dollar on Monday. The currency opened lower due to increasing demand for the greenback from importers. Also, strong US jobs data and rising crude oil prices in the overseas market added pressure to the domestic unit.

The currency on Friday ended 6 paise lower at 69.23/$.

On the international front, the dollar strengthened against major currencies after data showed the US economy added 196,000 jobs in March compared to 33,000 jobs in the previous month.

Elsewhere, the pound steadied as British Prime Minister Theresa May appealed to both the public and politicians in search of support for a compromise departure plan. While May will meet EU leaders on Wednesday to make her case for a short extension to June 30, European Council President Donald Tusk is pushing for a delay of as long as a year to allow time to forge a new consensus.

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