Anup Tiwari
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- 10 Aug 2013
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MUMBAI: The rupee turned weak on
Wednesday by 13 paise to 63.28
against the US dollar in early trade
at the Interbank Foreign Exchange
due to month-end demand for the
American currency from importers.
Forex dealers said besides month-
end demand for the US dollar, a
lower opening in the domestic
equity market weighed on the rupee.
They said, however, dollar's weakness
against other currencies overseas on
weaker US data capped the rupee's
fall.
Wednesday by 13 paise to 63.28
against the US dollar in early trade
at the Interbank Foreign Exchange
due to month-end demand for the
American currency from importers.
Forex dealers said besides month-
end demand for the US dollar, a
lower opening in the domestic
equity market weighed on the rupee.
They said, however, dollar's weakness
against other currencies overseas on
weaker US data capped the rupee's
fall.