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The rupee is weaker at 62.375/385 compared with previous close of 62.315/325 on global dollar strength after strong U.S. ISM data.


After trading weak against the dollar in early trades, the rupee was stable.<br />
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At 11:30 am the rupee was trading at Rs 62.33 compared to previous close of Rs 62.32 per dollar.<br />
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According to currency dealers, there is dollar buying from oil marketing companies. However, dollar sale by state-run banks on behalf of Reserve Bank of India helped the rupee recover.

Rupee stable after a weak start

Dollar buying by oil marketing companies affects rupee

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