Rupee trading weak at 60.22

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April 15, 2014

Mumbai: The rupee was trading weak by 5 paise at 60.22 against the dollar at 4.09 p.m. local time.

The rupee opened weak by 12 paise at 60.29 per dollar against the previous close of 60.17 per dollar due to disappointing IIP numbers and a flat opening in the domestic equity market.

April 15, 2014

Mumbai: The rupee was trading weak by 5 paise at 60.22 against the dollar at 4.09 p.m. local time.

The rupee opened weak by 12 paise at 60.29 per dollar against the previous close of 60.17 per dollar due to disappointing IIP numbers and a flat opening in the domestic equity market.

According to dealers, the dollar's gains against other currencies overseas and increased demand for the American unit from importers also weighed on the rupee.

The rupee had lost 10 paise to close at 60.17 against the US currency on Friday.

Industrial production data, which was released after market hours on Friday, had once again slipped into the negative territory and contracted 1.9 per cent in February due to poor performance of manufacturing sector, especially capital goods.

Forex and money markets remained closed yesterday for "Ambedkdar Jayanti".


Courtesy: PTI