The rupee today closed marginally down at 64.94 against the US currency due to continued foreign fund outflows, weak trade data and expectations of a rate hike by the US Federal Reserve.
The domestic unit opened lower at 64.95 per dollar as against yesterday’s close of 64.93 at the inter-bank foreign exchange on unabated foreign fund outflows.
The domestic unit hovered between 64.85 and 64.99 during the day before ending at 64.94, down by 1 paisa.