Mumbai, April 25: The rupee depreciated 21 paise to 66.59 against the US dollar today at the interbank foreign exchange due to the appreciation of the greenback amid rising US bond yields and surge in global crude oil prices. Also, a lower opening in the domestic equity market too weighed on the investor sentiment.

Dealers also attributed the rupee's fall to increased demand for the US currency from importers due to month-end demand and sustained foreign capital outflows.

The rupee yesterday recovered by 10 paise to 66.38 against the US dollar due to the fresh selling of the American currency by exporters and banks.

Meanwhile, the benchmark Sensex fell 79.94 points, or 0.23 per cent, to 34,536.70 in early trade.

(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)