Sharemasterindia.com: The rupee weakened 28 paise to trade at 64.03 against the dollar in
early trade on Sunday at the Interbank Foreign Exchange on capital
outflows by foreign funds.
Furthermore, increased demand for dollar from importers and banks weighed on the local currency, forex dealers said.
The dollar was trading near 13-year highs against the yen overseas after
strong U.S. employment data bolstered hopes for an early interest rate
hike by the Federal Reserve.
The rupee had closed 25 paise higher at 63.75 against the U.S. dollar in the previous session on Friday.
Meanwhile, the benchmark BSE Sensex recovered 58.57 points, or 0.21 per cent, to 26,827.06.
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