The rupee ended 31 paise weaker at 60.60 on Tuesday against the previous close of 60.29 on the back of gains in the American currency overseas and weakness in the domestic equity market. In intra-day trade, the domestic unit touched a high of 60.40 and a low of a 60.66.
The Sensex and the Nifty fell nearly 0.3 per cent at the closing session on Tuesday due to profit-taking by funds and retail investors amid weak European cues.
The 30-share BSE index Sensex ended at 27,265.32, down 54.53 points and the 50-share NSE index Nifty closed at 8,152.95, down 20.95 points.
Forex dealers said besides dollar’s gains against other currencies overseas, fresh demand from importers for the American unit put pressure on the rupee.
The interbank call money rate, the rate at which banks borrow short term funds from one another, ended lower at 7.05 per cent against the previous close of 8.25 per cent.
The 8.40 per cent government security maturing in 2024 fell to ₹99.18 from ₹99.30, while its yield hardened to 8.52 per cent from 8.50 per cent.