Rupee weakens on dollar demand by importers
Lower opening in domestic market also affects rupee
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<a href = "http://www.shutterstock.com/pic-107807486/stock-photo-image-showing-folded-indian-notes-of-rs.html?src=p5N32CFr8-mqwY5wKad6IA-1-21" target="_blank"> Rupees image </a> via Shutterstock.com
The rupee weakened in morning trade today due to dollar demand from importers.
According to currency dealers, besides dollar gaining against other currencies in the global markets, lower opening in the domestic equity market too influenced the rupee's depreciation.
At 10:30 am, the rupee was trading at Rs 61.90 compared with previous close of Rs 61.63 per dollar.
According to currency dealers, besides dollar gaining against other currencies in the global markets, lower opening in the domestic equity market too influenced the rupee's depreciation.
At 10:30 am, the rupee was trading at Rs 61.90 compared with previous close of Rs 61.63 per dollar.
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First Published: Nov 06 2013 | 10:40 AM IST