The Indian rupee weakened against the U.S. dollar in the morning deals on Monday.
Against the greenback, the rupee fell to nearly a 3-week low of 62.5800 from an early high of 67.4720. At Friday’s close, the rupee was trading at 62.5505 against the greenback.
If the rupee extends its downtrend, it is likely to find support around the 63.09 area.
The material has been provided by InstaForex Company – www.instaforex.com