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The rupee weakened for a third straight session on Tuesday as investors dumped riskier assets on expectations of a sustained crisis in the euro zone, but some dollar selling by exporters pulled the local unit off the day's lows.
The partially convertible rupee closed at 49.40/41 per dollar, half a percent weaker than the previous close of 49.15/16, after moving in a 49.20-49.50 band during the session.
The partially convertible rupee closed at 49.40/41 per dollar, half a percent weaker than the previous close of 49.15/16, after moving in a 49.20-49.50 band during the session.
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