Forex

Rupee trading a tad weak at 63.62

PTI Mumbai | Updated on January 24, 2018 Published on June 25, 2015

rupee

The rupee was trading a tad weak at 63.62 in the evening session on mild dollar demand from importers despite weak greenback against other currencies overseas.

The euro inched higher against the dollar but remained in recent ranges, with currency investors eyeing US data for fresh cues following yet another impasse in last-minute Greek debt negotiations.

The single currency has bounced around in the $1.09-$1.14 area in recent weeks, with strategists arguing over the extent to which it has been affected by Greece's drawn-out talks with its creditors, as they try to agree on a cash-for-reforms deal to avoid a Greek default and exit from the euro.

The currency edged up 0.1 per cent in European trading to $1.1218.

The rupee opened weak by 3 paise at 63.62 against the previous close of 63.59. It further weakened to 63.63 before being quoted at 63.59 at 1.25 pm local time. The local currency moved in the range of 63.55 and 63.63 in the evening trade.

Meanwhile, the benchmark BSE Sensex ended higher by 166.30 points or 0.6 per cent at 27,895.97.

Published on June 25, 2015
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