Business News
Rupee weakens 9 paise against dollar in opening trade
The rupee weakened by 9 paise to ₹63.67 against the U.S. dollar in opening trade at the interbank foreign exchange market ahead of the budget on Thursday.
A strong dollar in overseas markets weighed on the Indian currency, a currency dealer said.
On Wednesday, the rupee had ended 2 paise higher at ₹63.58 against the U.S. dollar. Foreign investors withdrew a net ₹136 crore from stocks on Wednesday, according to provisional FPI data.
Meanwhile, the benchmark BSE Sensex rose by 171.38 points, or 0.47 per cent, to 36,136.40 in opening trade on Thursday.
