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

Apr 23 2014, 09:50 IST
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The Indian rupee closed at 60.76/77 against US dollar on Tuesday. The Indian rupee closed at 60.76/77 against US dollar on Tuesday.
SummaryRupee tracks losses in regional currencies and is hurt by good demand for dollars from oil importers.

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.

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