Mumbai, India (BBN)-Indian rupee weakened to 68.30 as the US dollar racked up its biggest rise in two weeks in 2017’s first full day of European trading on Tuesday, as dealers and investors in London returned to push the greenback to within 1 per cent of December’s long-term highs.
The domestic unit opened higher by 10 paise at 68.11 at the Interbank Foreign Exchange market Tuesday, reports The Hindu Business Line.
It hovered in a range of 68.30 and 68.05 before quoting at 68.30, down 8 paise at 3:00pm local time.
Yesterday, the domestic currency had lost 30 paise to 68.22 against the US dollar due to huge demand for the American currency.
Meanwhile, the benchmark BSE Sensex was trading up 54.55 points or 0.21 per cent at 26,650.