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The rupee is lower at 62.46/48 versus previous close of 62.36/37, in line with weakness in shares.

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

Rupee marginally weak on dollar demand by OMCs

Dollar flows from banks help rupee

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