Don’t miss the latest developments in business and finance.

Rupee weakens on dollar demand by importers

Lower opening in domestic market also affects rupee

<a href = "http://www.shutterstock.com/pic-107807486/stock-photo-image-showing-folded-indian-notes-of-rs.html?src=p5N32CFr8-mqwY5wKad6IA-1-21" target="_blank"> Rupees image </a> via Shutterstock.com
Neelasri Barman Mumbai
Last Updated : Nov 06 2013 | 10:42 AM IST
The rupee weakened in morning trade today due to dollar demand from importers.

According to currency dealers, besides dollar gaining against other currencies in the global markets, lower opening in the domestic equity market too influenced the rupee's depreciation.

At 10:30 am, the rupee was trading at Rs 61.90 compared with previous close of Rs 61.63 per dollar.

More From This Section

First Published: Nov 06 2013 | 10:40 AM IST

Next Story