Indian rupee weakens past 61 agaist US dollar to 1-month low

Written by Reuters | Mumbai | Updated: Apr 23 2014, 15:20pm hrs
Indian rupeeThe Indian rupee closed at 60.76/77 against US dollar on Tuesday.
The Indian rupee weakened past the key 61 per dollar mark on Wednesday to hit a one-month low, tracking losses in regional currencies and hurt by good demand for the greenback from oil importers.

The partially convertible rupee was trading at 61.01/02 per dollar by 9:23 a.m. (0353 GMT), after hitting as much as 61.03, its lowest since March 21.

The rupee closed at 60.76/77 on Tuesday.