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Rupee weakens on strong dollar overseas

Rupee weakens on strong dollar overseas
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First Published: Fri, Jan 15 2010. 09 50 AM IST
Updated: Fri, Jan 15 2010. 09 50 AM IST
Mumbai: The Indian rupee weakened on Friday on dollar strength overseas as the flat domestic share market failed to provide any cues, traders said.
At 9:06am, the partially convertible rupee was at Rs45.66/67 per dollar from Thursday’s close of Rs45.62/63 per dollar.
The index of the dollar against six major currencies was up 0.4%.
Dealers said the rupee may touch Rs45.74/75 to the dollar during intra-day trade.
Indian shares rose 0.2% in early trade on Friday, led by gains in Reliance Industries and ICICI Bank and supported by gains on Wall Street.
Most Asian units were slightly weaker compared to the US dollar on Friday.
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First Published: Fri, Jan 15 2010. 09 50 AM IST
More Topics: Markets | India | Rupee | Dollar | Foreign Exchange |