MUMBAI: The Indian rupee weakened against the US dollar in the morning deals on Friday, as the dollar index strengthened on the back of stronger-than-expected US inflation data and signs that the European Central Bank may ramp up its quantitative easing program in the medium term.
Against the greenback, the rupee fell to a 2-day low of 65.0100. At yesterday’s close, the rupee was trading at 64.8000 against the greenback.
If the rupee extends its downtrend, it is likely to find support around the 66.00 area.
