Rupee weakened by 15 paise to close at 73.83 (provisional) against the US dollar on Monday as the greenback rebounded from early losses and rising crude oil prices weighed on investor sentiment. At the interbank foreign exchange market, the rupee opened on a weak note at 73.70 and slid to the day's lowest level at 73.84 a dollar towards the fag-end of the session. For a brief period, it ventured into positive territory and touched a high of 73.60. Meanwhile, the dollar index is currently quoting at 93.43, having briefly shot up to 93.46 as US treasury yield rose to three-month high at 1.47% as investors awaited speeches from Federal Reserve policymakers for clues on when the central bank could taper its pandemic-era economic support. Besides, multiple bouts of volatility on domestic equities front and mixed cues from global financial markets brought the rupee more under pressure.
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