Mumbai: Indian rupee on Friday weakened for second sessions to hit two week low against the US dollar tracking losses in Asian currencies market on weak China data as risk sentiment remained fragile on trade and geopolitical concerns. Traders were also cautious after India decided to impose tariffs on 29 US products that may increase trade tensions between the two countries. The rupee ended at 69.80 a dollar -- a level last seen on 30 May, down 0.41% from its previous close of 69.51. Indonesian rupiah was down 0.31%, Philippines peso 0.26%, South Korean won 0.18%, Taiwan dollar 0.11%, China Offshore 0.05%. The dollar index, which measures the US currency’s strength against a basket of major currencies, was at 97.152, down 0.14% from its previous close of 97.01.

Source: Mint June 14, 2019 11:37 UTC