Indian rupee weakens by 8 paisa to 64.45

The Hindu Business Line file photo

Mumbai, India (BBN) – The rupee weakened by 8 paisa to 64.45 against the dollar ahead of key macroeconomic data set for release later in the day amid foreign capital outflows.

Increased demand for the American currency from importers poured cold water on the rupee, but the dollar’s reduced clout against other currencies overseas limited the losses, reports The Hindu Business Line.

Yesterday, the rupee had gained 8 paisa to end at a fresh one-week high of 64.37 on persistent selling of the US currency ahead of release of industrial production and retail inflation data.

Meanwhile, the benchmark BSE Sensex fell 94.02 points, or 0.28 per cent, to 33,361.77 in early trade.

BBN/MMI/ANS

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