It closed at 61.61 on Tuesday from its previous close of 61.74/75 as dealers cited talk of dollar sales from a foreign telecom company.
Mumbai: The rupee on Wednesday opened at 61.85 against US dollar on Wednesday. It was down by 23 paise. It closed at 61.6150 on Tuesday from its previous close of 61.74/75 as dealers cited talk of dollar sales from a foreign telecom company.
Traders also cite dollar sales from foreign banks on bunched up inflows after markets were closed on Monday for a public holiday. The rupee strengthens even as the benchmark BSE share index fell 1.3 percent from a record high hit in a special trading session on Sunday.
Euro fell to a near four-week low against the yen on Tuesday, hit by speculation the European Central Bank may signal easier monetary policy or even cut rates this week.
(with additional inputs from Reuters)
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