 "Rupee drops 6 paise ahead of IIP, inflation data")
Showing weakness for the second day in a row, the rupee depreciated further by 6 paise to quote at 63.96 following sustained dollar selling by exporters on the back of a firm US currency overseas.
Continued capital outflows and cautious local stocks ahead of announcement of macro economic data later in the day also weighed on the rupee, a forex dealer said.
The rupee started weak at 64.05 from its previous close of 63.97 at the Interbank Foreign Exchange (Forex) market. It later moved in a range of 63.96 and 64.05 before trading at 64.02 at 1222 hours, a rise of 0.03%.
The BSE Sensex today was trading at 26,474.74, up 103.76 points, or 0.39%, at 1217 hours after plunging 469.52 points, or 1.75%.
Meanwhile, foreign portfolio investors (FPIs) pulled out Rs 622.89 crore yesterday, according to provisional data.
The dollar index was trading up by 0.07% in Asian trade today against its six major global rivals.
Continued capital outflows and cautious local stocks ahead of announcement of macro economic data later in the day also weighed on the rupee, a forex dealer said.
The rupee started weak at 64.05 from its previous close of 63.97 at the Interbank Foreign Exchange (Forex) market. It later moved in a range of 63.96 and 64.05 before trading at 64.02 at 1222 hours, a rise of 0.03%.
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Yesterday, it was down 13 paise, or 0.20%.
The BSE Sensex today was trading at 26,474.74, up 103.76 points, or 0.39%, at 1217 hours after plunging 469.52 points, or 1.75%.
Meanwhile, foreign portfolio investors (FPIs) pulled out Rs 622.89 crore yesterday, according to provisional data.
The dollar index was trading up by 0.07% in Asian trade today against its six major global rivals.