Rupee weakens 9 paise against dollar in opening trade ahead of the Budget

A strong dollar in the overseas markets has weighed on the rupee.

The rupee weakened by 9 paise to 63.67 against the US dollar in opening trade at the interbank foreign exchange market ahead of the budget today.

REUTERS

A strong dollar in overseas markets weighed on the Indian currency, a currency dealer said.

Yesterday, the rupee had ended 2 paise higher at 63.58 against the US dollar.

Foreign investors withdrew a net Rs 136 crore from stocks yesterday, according to provisional FPI data.

Meanwhile, the benchmark BSE Sensex rose by 171.38 points, or 0.47 %, to 36,136.40 in opening trade today.