The Indian rupee weakened against the U.S. dollar in the morning deals on Friday.
Against the greenback, the rupee fell to more than a 2-year low of 67.4330 from an early high of 67.2400. At yesterday’s close, the rupee was trading at 66.9400 against the greenback.
If the rupee extends its downtrend, it is likely to find support around the 68.00 area.
The material has been provided by InstaForex Company – www.instaforex.com