Mumbai, India (BBN) – Indian rupee was trading weak at 65.54 as US dollar held under $1.08 per euro as investors awaited a vote on Republican healthcare plans seen as a litmus test of President Donald Trump’s ability to legislate in Congress.
After losing 3.5 per cent in the past 10 days, the dollar was roughly steady at 111.19 yen, reports The Hindu Business Line.
It gained 0.1 per cent to $1.0786 per euro but was flat against the basket of currencies used to measure its broader strength.
Indian rupee strengthened by 5 paisa to 65.39 per dollar in early trade at the Interbank Foreign Exchange market today.
However, it weakened to 65.57 on fresh dollar selling by banks and importers.
It hovered in a range of 65.57 and 65.38 before quoting at 65.54, down 10 paisa at 4.35 pm local time.
Yesterday, the rupee had lost 14 paisa to close at 65.44 per dollar on fresh dollar demand from importers.
Meanwhile, the benchmark BSE index closed 164.48 points or 0.56 per cent higher at 29,332.16.