The
rupee fell 32 paise down against the US dollar at 66.78 on Monday
even as mixed jobs data in the world's largest economy diminished
hopes of a rate hike by the US Federal Reserve in September.
Data
from the labour department on Friday showed non-farm payrolls rose by
173,000 last month, which marked a slowdown from July's upwardly
revised gain of 245,000.
The
Indian currency had declined 22 paise on Friday to end the week at
66.46against the greenback. There was persistent demand for dollars
from banks and importers amid foreign capital outflows on Friday.
"The
rupee has depreciated about 5 per cent so far this year, but it is
much better compared with those in countries like Brazil, Mexico and
Indonesia, which have seen far more volatility," said Alka
Banerjee of S&P Dow Jones Indices.
"India's
central bank has made all the right moves to maintain the value of
the currency. But if the market continues to weaken, we may be in for
more depreciation," Banderjee added.
The
dollar index, which tracks the greenback against a basket of six
major world currencies, stood almost flat at 96.25 on Friday.
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