Mumbai: The rupee depreciated by 8 paise to 65.19 against the US dollar in early
trade today on sharp losses in global equity markets after US President
Donald Trump imposed USD 60 billion of tariffs on Chinese imports.
Trump yesterday directed the US trade representative to level tariffs
on about USD 60 billion worth of Chinese imports after a seven-month
investigation into the intellectual property theft, which has been a
longstanding point of contention in US-China trade relations.