Mumbai: The Indian rupee weakened on Tuesday as dealers pared positions ahead of of the quarterly results of software major Infosys Technologies and the stockmarket open for direction.
At 9:03 a.m, the partially convertible rupee was at 39.99 per dollar, weaker than 39.95/96 per dollar on Friday. The currency market was closed on Monday for a local holiday.
Oil and gold prices gained on Tuesday as the dollar struggled to attract buyers due to signs of a weak earnings season for U.S. banks, which could expose yet more subprime losses and punish stocks worldwide.
At 9:03 a.m, the partially convertible rupee was at 39.99 per dollar, weaker than 39.95/96 per dollar on Friday. The currency market was closed on Monday for a local holiday.
Oil and gold prices gained on Tuesday as the dollar struggled to attract buyers due to signs of a weak earnings season for U.S. banks, which could expose yet more subprime losses and punish stocks worldwide.
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