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Rupee opens near 63 per dollar on weak global cues

The rupee slips to 62.98 per dollar compared with its previous close of 62.49

Ashwin Ramarathinam

First Published: Mon, Sep 30 2013. 09 31 AM IST

Since January this year, the rupee has lost 12.53% against the dollar and is the second biggest loser among Asian currencies after the Indonesian rupiah. Photo: Pradeep Gaur/Mint

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Mumbai: The Indian rupee on Monday opened lower at 62.985 per dollar tracking weakness in the Asian currency market.

At 09.20am, the Indian currency was trading at 62.8838 per dollar, down 0.61%, from its previous close of 62.4975.

Most of the Asian currencies, too, showed a weak trend in the morning, with the Indonesian and Malaysian currencies shedding the most.

The Indonesian rupiah was trading 2.793% lower at 11,608 per dollar, while Malyasian ringgit was down 0.918% at 3.2575 per dollar.

Since January this year, the rupee has lost 12.53% against the dollar and is the second biggest loser among Asian currencies after the Indonesian rupiah.

rahul kumar
pgdm 1st year