Traders said the weakness in rupee was largely due to heavy correction in domestic equities and strengthening of the US dollar Mumbai: The rupee depreciated 62 paise or 0.81% to close at 75.72 against the US dollar on Monday tracking selloff in domestic equities and strengthening American currency overseas.
The rupee opened weak at 75.71 and then fell further to touch a low of 75.81. It had settled at 75.10 against the US dollar on Thursday.
Forex market was closed on Friday on account of Maharashtra Day. Traders said the weakness in the local unit was largely due to heavy correction in domestic equities and strengthening of the US dollar.