Rupee ends tad weaker
The rupee declined the most among emerging market currencies on Tuesday to end at 60.95 against the dollar as global manufacturing surveys hurt domestic capital flows. The weak surveys raised growth concerns and shares on BSE-benchmark Sensex slumped over 430 points (down 1.6 per cent) to close at 26,775. In addition, month-end dollar demand from importers also hurt the rupee sentiments. The local unit opened 10 paise weaker at 60.92 as against Monday’s close of 60.82. The unit gained to 60.86 on mild capital inflows after which the global surveys led to heavy outflows dragging the rupee to 61 a dollar. Our Bureau