Mumbai: The Indian rupee opened gap up, but runs into selling near 60. The domestic currency was trading at 60.22 per dollar after opening at 59.88, compared with its previous close of 59.66/67.
Asian markets extended weakness ahead of non-farm payrolls on Friday.
Other Asian currencies were also trading weaker against the dollar.
India’s central bank on Tuesday said it would introduce incremental provisioning and capital requirements for bank exposures to corporates with unhedged foreign currency exposures.
