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Rupee weakens to 46.06 against the dollar

India Infoline News Service / 10:23 , Aug 26, 2011

On Thursday, the rupee fell to its lowest level in a year, as FIIs continued to sell Indian stocks amid concerns about some moderation in the nation's economic growth.

The Indian currency has weakened by 2 paise to Rs46.06 against the US dollar in early trade. 

On Thursday, the rupee fell to its lowest level in a year, as FIIs continued to sell Indian stocks amid concerns about some moderation in the nation's economic growth. 

Reports indicate that dollar demand from oil companies towards month-end may have added to the weakness. 

On Thursday the rupee ended at 46.0575 to the dollar after touching a day's low of 46.2150. It had opened at 46.0625 and touched a day's high of 45.9450 on Thursday.

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