The Indian rupee weakened against the U.S. dollar in the morning deals on Tuesday.
Against the greenback, the rupee fell to a 5-day low of 64.2550. At yesterday’s close, the rupee was trading at 63.9490 against the greenback.
If the rupee extends its downtrend, it is likely to find support around the 65.00 area.
Traders await the nation’s CPI data for April and industrial production data for March, due later in the day.
The material has been provided by InstaForex Company – www.instaforex.com