The rupee weakened to 73.67 on heavy capital outflows and increased dollar selling by exporters and banks. Forex dealers said the dollar’s weakness against some currencies overseas limited the rupee's losses.
The domestic unit opened strong by 5 paise at 73.43 at the interbank forex market today. It hovered in a range of 73.67 and 73.37 before quoting at 73.63, down 15 paise, at 4.25 pm local time.
On Tuesday, the rupee had climbed 35 paise to close at nearly two-week high of 73.48 per dollar amid lower crude oil prices and easing concerns over trade deficit. Meanwhile, the Sensex ended lower by 382.90 points, or 1.09 per cent, down at 34,779.58 on heavy selling in realty, auto and infrastructure stocks amid firm global cues.
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