Associate Sponsors

Rupee weakens past 57/dlr, closes in on record low

Image
Reuters MUMBAI
Last Updated : Jun 07 2013 | 2:05 PM IST

MUMBAI (Reuters) - The rupee weakened below 57 to the dollar on Friday to approach a record low hit about a year ago, reflecting caution ahead of the U.S. monthly jobs data and falls in most emerging market currencies.

The rupee was trading at 57.06/07 to the dollar at 1:39 p.m., marking its lowest level since late June 2012, when the currency hit a record low of 57.32. The rupee closed at 56.84/85 on Thursday. (Reporting by Subhadip Sircar; Editing by Rafael Nam)

More From This Section

First Published: Jun 07 2013 | 1:45 PM IST

Next Story