The Indian rupee slipped 19 paise to82.38 against the US bone(22.44 versus the UAE dirham) in early trade on Monday as patient foreign finances exoduses and weak equities counted on investor sentiments.

At the Indian interbank foreign exchange, the rupee opened lower at82.33 against the bonealso lost farther ground to quotation at82.38, registering a fall of 19 paise over its former close.In original deals, the rupee was moving in a close range of82.38-82.33 against the American currency.

In the former session on Friday, the rupee had settled at82.19 against the noteThe boneindicator, which gauges the note’s strength against a handbasket of six currencies, fell0.27 per cent to113.01.Brent crude futures, the global oil painting standard, rose0.59 per cent to$92.17 per barrel.

In the Indian equity request, the 30- share BSE Sensex was trading100.41 points or0.17 per cent lower at, and the broader NSE Nifty slipped33.95 points or0.20 per cent to.

Foreign Institutional Investors( FIIs) were net merchandisers in the capital requests as they unloaded shares worth Rs10.11 billion on Friday, according to exchange data.

FIIs have pulled out nearly Rs75 billion from the Indian equity requests in the first two weeks of October on enterprises of financial policy tightening by the US Federal Reserve and other central banks encyclopedically, which could hinder global profitable growth.

Meanwhile, Finance Minister Nirmala Sitharaman has said that the rupee has not weakened, but it’s the bonethat has strengthened, as she defended the 8 per cent slide in the value of the Indian currency against the note this time.