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Journalism of Courage
The Indian rupee weakened to its lowest in a month on Monday,tracking a weak euro,lower Asian currencies and choppy local shares.
At 0358 GMT,the partially convertible rupee was at 45.10/11 per dollar after touching 45.14 — a level not seen since May 27. It had closed at 44.99/45.00 on Friday.
The euro hovered just above a record low versus the Swiss franc on Monday and fell on the dollar,staying under pressure ahead of this week’s decision by the Greek parliament on whether to back austerity reforms demanded by international lenders.
The euro was at $1.4129 versus $1.4221 at the end of local currency market Friday,while the index of the dollar against six major currencies was up 0.26 per cent at 75.859 points.
