Mumbai: Indian rupee fell in the afternoon trade on dollar demand from banks.
At 2.35pm, the partially convertible domestic currency was trading at 62.54 a dollar, from its previous close of 62.40.
It opened flat at 62.3950 per dollar and dropped as much as 62.7288 per dollar in the intra-day trade.
Since January this year, the rupee has weakened 12.06% and is the third most loser in Asia after Indonesian rupiah and Japanese yen.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 80.487, little changed from the previous close of 80.483.
BSE’s benchmark Sensex was trading at 20,829.97, down 0.31%.
The yield on the 10-year benchmark bond was trading at 8.832%, up from previous close of 8.823%. Inter-bank call money rate was at 8.25%.
