Rupee Eases On bunched Dollar Outflows
MUMBAI: The Indian rupee weakened on Tuesday on bunched-up dollar outflows as the U.S. market reopens after an extended weekend holiday, while choppy shares offered little clear direction on the outlook.
At 11:27 a.m. (0557 GMT), the rupee was at 52.91 to the dollar, 0.35 per cent weaker than Monday's close of 52.7250/7350.
Dollar demand from oil importers will set the trend for the rest of the day, though overall activity is seen subdued as most banks prepare to close account books for the quarter.
