IE:Indian rupee weakens to near record low, down 8 'paise, RBI may rein in gains
Indian rupee trimmed its early losses, but was still quoted lower by 8 paise to 59.65 per dollar on demand of the US currency from banks and importers triggered by its higher value overseas.
Persistent capital outflows from foreign funds also affected the rupee value against the dollar, a forex dealer said.
