The Hindu Business Line file photo
Mumbai, India (BBN) – The Indian rupee was trading a tad weak at 64.44 on mild dollar demand from importers amid a weak domestic equity market.
However, dollar’s weakness against other currencies overseas restricted the rupee’s losses, reports PTI.
The rupee opened a tad weak at 64.43 against last Thursday’s closing level of 64.41 per dollar at the Interbank Foreign Exchange (Forex) market here today.
The domestic currency hovered in a range of 64.47 and 64.28 during afternoon deals before quoting at 64.44 per dollar, down 3 paise at 4.35 pm local time.
Meanwhile, the dollar index was trading down by 0.16 per cent at 100.39 against a basket of six currencies.
Overseas, the dollar dipped to a five-month low against the yen as rising tensions over North Korea kept the safe-haven Japanese currency in demand.
The US currency extended losses from the previous day and retreated to 108.135 yen, its lowest since mid-November.
Meanwhile, the 30-share BSE index Sensex ended lower by 47.79 points or 0.16 per cent at 29,413.66.
BBN/SS/ANS
