HT:Rupee weakens past 57 per dollar, closes in on record low
The rupee weakened below 57 to the dollar on Friday to approach a record low hit about a year ago, reflecting caution ahead of the US monthly jobs data and falls in most emerging market currencies.
The rupee was trading at 57.06/07 to the dollar at 1:39 pm, marking its lowest level
since late June 2012, when the currency hit a record low of 57.32. The rupee closed at 56.84/85 on Thursday.
Besides, a weakening dollar against euro and yen in the global market ahead of the release of US employment data for May and the European Central Bank and the Bank of England both keeping monetary policy unchanged, also supported the rupee.
Meanwhile, the BSE benchmark index Sensex fell by 81.67 points, or 0.42%, to 19,437.82.
