08-currencyThe spot rupee opened on a weak note at 62.70, down 29 paisa as against the US dollar, after Standard & Poor’s said the country may face a rating downgrade and on reports that oil refiners have resumed buying some of their dollar requirements from the market.

Thereafter, the Rupee extended its losses and tumbled to a low of 62.75 per dollar in the late trading session.

The spot rupee finally ended at 62.47/$, down 6 paisa at the day’s high.

Meanwhile, the rupee November futures also started the day in negative zone with a gap of 22 paisa at 63.06 from its previous close of 62.84.

Thereafter, the rupee November futures touched a low of 63.14 per dollar in the morning trades.

Later, the rupee Nov futures trimmed some of its losses and touched a high of 62.89, as against the US dollar.

The rupee Nov futures finally settled at 62.98/$, down 14 paisa.

The counter witnessed trades of around 8, 41,255 contracts, while, the open interest decreased 1.7 per cent on the NSE.

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Rupee ends with minor losses

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