Rupee opens 27 paise lower at 72.47 against US dollar

The Indian rupee has opened sharply lower on first day of the week, falling 27 paise on strong dollar demand.

The currency started off Monday trade at 72.47 to the dollar against Friday's close of 72.20 a dollar.

Last week, the rupee fell half a percent, continuing to post losses for fourth consecutive week against dollar.

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