 "Rupee marginally weak on dollar demand by OMCs")
The rupee was trading marginally weaker due to dollar demand from Oil Marketing Companies (OMCs).
But dollar flows from banks is not allowing the rupee to weaken significantly.
At 11:25 am, the rupee was trading at Rs 62.40 compared with previous close of Rs 62.36 per dollar.
Currency dealers believe the Reserve Bank of India will ensure that the rupee will not weaken sharply from current levels.
But dollar flows from banks is not allowing the rupee to weaken significantly.
At 11:25 am, the rupee was trading at Rs 62.40 compared with previous close of Rs 62.36 per dollar.
Currency dealers believe the Reserve Bank of India will ensure that the rupee will not weaken sharply from current levels.