Mumbai: The Indian rupee weakened on Monday on sustained dollar demand from importers and as stocks fell.
At 2.10pm, the Indian rupee was trading at 62.61 a dollar, compared with its previous close of 62.2775 a dollar. The Indian currency had opened at 62.5550 a dollar and traded in the range of 62.3350 and 62.71 per dollar.
Since January, the rupee has weakened 12.2% and has lost the third most among Asian currencies, after Japanese yen and Indonesian rupiah.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 80.421 compared with its previous close of 80.431.
India’s benchmark equity index, or Sensex, was trading at 19,858.66, down 2.03% or 410.44 points, from the previous close.
The yield on the benchmark 10-year bond stood at 8.797% up from its previous close of 8.559%.
The interbank call money rate stood at 9.6%.
