The rupee was trading weak despite the Sensex hitting a new lifetime record of 22,000 points in trade. The rupee was weak largely in line with Asian markets, particularly the Chinese Yuan which was trading lower.
Weak export data from China and disappointing GDP data from Japan, put pressure on Asian currencies.
The rupee has been one of the best performing currencies in Asia, thanks to improving economic fundamentals, particularly a fall in the current account deficit.
Dealers say that the rupee will continue to show resilience due to a fall in the CAD. Check rupee rates here