<div style="float: left;">
	<img align="" alt="Rupee" class="imgCont" height="163" src="http://bsmedia.business-standard.com/_media/bs/img/article/2013-07/10/full/1373466006-9211.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="Rupee" width="218" />
	<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px; width:218px;">
		<a href="http://www.shutterstock.com/pic-111991067/stock-photo-dice-on-rupee-coins-on-indian-currency-notes.html" target="_blank">Rupee</a> image via Shutterstock</div>
</div>

The rupee is trading at 62.72, down from Monday's close of 62.56/57, after hitting as low as 62.83 earlier.


<p>
	The rupee was trading weak in the morning trade due to dollar buying by importers and weakness in other emerging market currencies globally against the dollar.<br />
	<br />
	Emerging markets are under pressure after data showing US manufacturing activity slowed sharply raises risk aversion.<br />
	<br />
	At 10:45 am, the rupee was trading at Rs 62.67 compared with previous close of Rs 62.58.<br />
	<br />
	Currency dealers see the weakening bias to continue in intra-day trades.</p>

Rupee weakens on dollar demand by importers

Weakness in other emerging market currencies globally against the dollar weighs

Also Read

Rupee marginally lower in afternoon

Yields likely to fall, weakening may continue for rupee

Forex reserves up to $292.24 bn

Rupee gains on dollar sale by banks

Bonds slip further, call rate ends lower

Explore News