Mumbai: The rupee weakened by 30 paise to trade at a three-month low of 65.06
against the US dollar in opening session today due to increased demand
for the greenback from importers amid heavy foreign fund outflows.
The dollar's gain against major world currencies, after
US Federal Reserve minutes hinted at hiking interest rates faster than
expectations, also impacted the rupee sentiment, a currency dealer said.
Strengthening US dollar and increased outflows from domestic
capital market have weighed on the are weighing on the domestic
currency.
Yesterday, the rupee had claimed some of its
lost ground to end 3 paise higher at 64.76 against the US dollar,
breaking a two-session losing run.
Meanwhile, the benchmark BSE Sensex fell 144.23 points, or 0.42 per cent, to 33,700.63 in early trade today.
PTI
