Mumbai: The Indian rupee weakened against the dollar on the first day of trade in the new calendar year on weak core growth numbers.
The core growth rate for the month of November was only 1.7% against 5.84% a year ago.
At 2.21PM, the rupee was trading at 61.895 per dollar, down 0.15% from its previous close of 61.80. The partially convertible currency opened at 61.8350 a dollar and touched a high and a low of 61.82 and 61.9875 respectively
Since January 2013, the rupee has weakened 11.14%, losing the third most after the Indonesian Rupiah and Japanese Yen among Asian currencies.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 80.217, up 0.23% from the previous close of 80.035.
India’s benchmark Sensex was trading at 21159.37, down 0.05% or 11.24 points from the previous close. The benchmark 10-year bond was trading at 8.838%, up 0.15% from previous close of 8.825%.
