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The rupee on Tuesday weakened further to close 4 paise lower at 64.38 against the US dollar on sustained demand for the American currency fromimporters. With the FOMC rate decision fast approaching, the overall forex market undertone remained a little shaky as currency traders preferred to stay on the sidelines and avoided taking any long positions.
The rupee opened substantially lower at 64.42 from the overnight close of 64.34. It remained under pressure through the day, swinging between 64.35 and 64.42, on uneven dollar demand and supply before closing at 64.38, showing a loss of 4 paise. PTI
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