Mumbai, Jun 23 (PTI) Rupee declined 14 paise to 86.69 against the US dollar in early trade on Monday as global crude oil prices surged following the US's attack on Iran's nuclear sites.

A strengthening dollar against foreign currencies put further pressure on the local unit, according to forex traders.

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At the interbank foreign exchange, the rupee opened at 86.75 against the US dollar before inching up to 86.69, down 14 paise from its previous close.

The rupee had closed at 86.55 against the US dollar on Friday.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)