Mumbai, June 24 (UNI) Rupee on Tuesday depreciated by 78 paise to close at 85.97 against the US dollar, on weak dollar demand by bankers and importers as global crude oil prices eased after a ceasefire between Israel and Iran went into effect, reviving risk sentiment, forex trader said
Positive close in the domestic equity market also helped rupee to gain, trader added
The currency opened 64 paise higher at 86.11 against the dollar. It closed the previous session at 86.75
The partially convertible rupee recorded intra-day high and low at 85.91 and 86.27 respectively, dealers added.
