Rupee Weakens to 63.71 Against US Dollar

Business

oi-Sunil

By Sunil Fernandes

Published: Tuesday, December 30, 2014, 9:10 [IST]

The Rupee Weakened in early trade to 63.71 against the US Dollar on sustained demand for dollars from importers. Portfolio inflows from foreign funds has also been weak and in fact there has been dollar demand from FIIs, which has also added pressure on the currency.

Meanwhile, markets are expected to open steady after a host of government's ordinances is expected to keep sentiments bullish.

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