The rupee weakened in early trade due to month-end dollar demand from importers.
At 9:20 am, the rupee was trading at Rs 62.39 compared with previous close of Rs 62.28 per dollar.
Currency dealers see the rupee weakening further this week and touch Rs 63 per dollar. Last month, the rupee had touched an all-time low of Rs 68.85 in intra-day trades due to month-end dollar demand.
Currency dealers also expect the Reserve Bank of India (RBI) to step in to arrest the falling rupee later during the day.
Source- business-standard.com
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