Indian rupee weaker to US dollar, still headed for best month in a year

Written by Reuters | Updated: Sep 30 2013, 14:55pm hrs
Indian rupeeeconomists expecting the gap to widen from the March quarter to take further call on rupee. Reuters and AP photos
The Indian rupee fell on Monday, tailing global risk-off sentiment on a potential shutdown of the US government, but was still on course for its best month in a year when compared to the US dollar.

The rupee was at 62.93/95 to the US dollar versus its Friday close at 62.51/52.

Dealers will await the June-quarter current account and balance of payments data, due at 1130 GMT, with economists expecting the gap to widen from the March quarter to take further call on rupee.