Gold jumps Rs 225 on wedding season demand, rally in global prices2Photo© hindustantimes.com

Gold jumps Rs 225 on wedding season demand, rally in global prices

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The Indian rupee depreciated 15 paise in early trade on Thursday tracking weak macroeconomic data, rising crude prices and negative cues from global markets. At the interbank foreign exchange, the rupee opened marginally higher at 72.05 against the US dollar, before turning negative and dropping 15 paise to 72.24 against its previous close.

On Wednesday, the local unit crashed 62 paise to hit an over two-month low of 72.09 to the US dollar as poor macro data and lingering worries over US-China trade war weighed on sentiment.

Overall market sentiment remains weak on account of weak macro numbers and negative global cues, forex traders said.