ibnlive » Business

Jul 15, 2013 at 09:57am IST

Rupee opens at 59.87 per dollar

Mumbai: The rupee weakened on Monday as a contraction in factory output and high retail inflation added to concerns about an economy already hurting under a record current account deficit.

The rupee fell to as much as 59.93 compared to its Friday close of 59.56/57. It was trading at 59.87/88 at 9:11 am.

The most traded 8.33 per cent 2026 bond was up 5 basis points at 7.72 per cent.

Rupee opens at 59.87 per dollar

The rupee fell to as much as 59.93 compared to its Friday close of 59.56/57.

Economic gloom deepened with a surprise drop in industrial output, a fall in exports and higher retail inflation, according to data released after the close of trading on Friday.

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