Rupee weakens after N Korea's nuke test
The rupee on Monday resumed weak against US dollar following the news of North Korea's nuclear test.
By PTI |
MUMBAI: After last weekend's smart rally, the rupee on Monday resumed weak against the US currency following news of North Korea's nuclear test as well as stronger dollar overseas.
In lacklustre trade at the interbank foreign exchange (forex) market, the Indian unit resumed lower at Rs 45.67/68 per dollar from Friday's close of Rs 45.58/59 per dollar and later ruled steady at the opening levels.
The rupee began weak as news of North Korea's nuclear test had a negative impact on Asian markets, a forex dealer said adding that "activity was very low during early trade".
In overseas market, the dollar shot to multi-month peaks against major rivals on Friday, on the back of employment data that some analysts opined might help dissuade the Federal Reserve from cutting interest rates, a move that generally weakens the greenback.
In lacklustre trade at the interbank foreign exchange (forex) market, the Indian unit resumed lower at Rs 45.67/68 per dollar from Friday's close of Rs 45.58/59 per dollar and later ruled steady at the opening levels.
The rupee began weak as news of North Korea's nuclear test had a negative impact on Asian markets, a forex dealer said adding that "activity was very low during early trade".
In overseas market, the dollar shot to multi-month peaks against major rivals on Friday, on the back of employment data that some analysts opined might help dissuade the Federal Reserve from cutting interest rates, a move that generally weakens the greenback.
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