MC:Rupee weakens tailing euro, Asian peers, local shares
The rupee fell on Monday following the weakness in the euro, Asian currencies and local shares.
At 9:23 am, the partially convertible rupee was at 44.87/88 per dollar, weaker from Friday's close of 44.72/73.
So far, the local unit has moved in 44.86-44.89 range and traders expect it to move in 44.77-44.95 range through the day.
The euro was at USD 1.4336, versus USD 1.4466 at close of local forex trade on Friday, and the index of the dollar against six major currencies was up 0.12% at 74.883 points from 74.339 points.
Most Asians units were weaker against the dollar.
Indian shares dropped 0.5% in early trade on Monday, with lenders leading the losses, amid weak Asian markets.
Tags: rupee, euro, Asian currencies
