Rupee close to record lows; current account data eyed
Posted on: 09:42 AM IST Jun 24, 2013
Mumbai: The rupee weakened on Monday, hovering near a record low hit last week, as worries about China's economic and financial stability hit global risk assets, while caution prevailed ahead of current account deficit data due this week.
India is due to report January-March current account deficit data on Friday. The country's deficit has been a key source of stress in the rupee.
The rupee was trading at 59.65/67 to the dollar at 09.14 am, compared to its close of 59.27/28 on Friday. It had hit a record low of 59.9850 on Thursday.