Rupee trading weak at 66.85
National | Suryaa Desk | Published :MUMBAI, MARCH 3: The rupee was trading weak at 66.85 on increased demand for the US currency from importers.Besides, the dollar's strength against other currencies overseas on rising hopes that the Federal Reserve will hike interest rates later this month weakened the rupee sentiment.A weak equity market also put pressure on the domestic unit, dealers said.The rupee opened weak by 18 paise at 66.88 at the Interbank Foreign Exchange market today. It hovered in a range of 66.88 and 66.82 before quoting at 66.85, down 15 paise at 11.15 am local time.
Yesterday, the rupee had ended higher by 12 paise at 66.70 against the American currency on fresh bouts of dollar selling amid an overall upbeat sentiment following the release of GDP data.Meanwhile, the benchmark BSE Sensex was trading down by 62.77 points or 0.22 per cent at 28,775.07.
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