Markets

Indian rupee opens weaker tracking weakness in offshore markets

Published September 2, 2013 Updated September 2, 2013 05:16am

1 min

By Shoaib Ur Rehman

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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.

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