Rupee at near one-week low

Last Updated: Tue, Oct 22, 2013 04:38 hrs

The rupee is near a one-week low as it fell to 61.80, a level last seen on October16. The unit is currently trading at 61.73/76 versus 61.52/53 at last close.

Dealer says some exporter interest can be seen around 61.80, while bids lined up around 61.60.

The U.S. dollar found its footing in early Asian trading on Tuesday, holding above eight-month lows as investors hedged their bets in case the delayed U.S. payrolls report for September was stronger than expected.

Price bouncing along key 50 pct Fibonacci of rally from May low - at 61.17.

Foreign funds extend buying for a 12th session, provisionally buying $167.8 million on Monday, exchange data showed.

More from Sify: