Rupee weakens in afternoon trade

Month-end dollar demand from importers is making the rupee weaker

 

The rupee continued to trade weak in afternoon trades due to month-end dollar demand from importers.

 

At 12:25 pm the rupee was trading at Rs 61.65 compared with previous close of Rs 61.47 per dollar.

 

As month-end dollar demand from importers continue, the rupee is soon expected to touch the Rs 62 per dollar mark next week, said currency dealers.