The rupee was trading a tad weak at 60.86 against the dollar at 4.05 p.m. local time due to mild dollar demand from importers and dollar's gains against other currencies overseas.
After opening strong by 10 paise to 60.74 against the US dollar in early trade at the Interbank Foreign Exchange market today, the domestic unit hovered in the range of 60.73 and 60.88 in the afternoon trade.
Yesterday, the Indian rupee had ended eight paise higher at 60.84 against the greenback following late dollar selling by exporters and a strong rally in local shares.
In the previous three sessions, the rupee gained 29 paise.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.