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Rupee weakens to 63

Rupee weakens to 63.67 ahead of Union Budget

Thu Feb 01 2018


Strong dollar also weighs on rupee


The rupee weakened by 9 paise to 63.67 against the US dollar in the opening trade at the interbank foreign exchange market ahead of the Union Budget today.


According to a currency dealer, a strong dollar in overseas markets also weighed on the Indian currency.


Yesterday, the rupee had ended 2 paise higher at 63.58 against the US dollar. Foreign investors withdrew Rs 136 crore from stocks yesterday, according to provisional FPI data.


Meanwhile, the benchmark BSE Sensex rose 171.38 points or 0.47 per cent to 36,136.40 in the opening trade.



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