Indian rupee opens weaker tracking weakness in offshore markets

MUMBAI: The Indian rupee opened lower on Monday tracking weakness in the offshore non-deliverable forward markets but traders expect some recovery tracking other Asian currencies and domestic shares.

The main share index was trading up 0.4 percent in pre-open trade.

The partially convertible rupee was trading at 65.87/88 per dollar at 0343 GMT, off the low of 66.15 but still weaker than its close of 65.70/71. The one-month offshore non-deliverable forward contract was trading at 66.87.