Mumbai: The Indian rupee on Friday weakened for the fourth consecutive session to hit a five-week low against the US dollar, tracking volatile local equity markets ahead of the rollout of goods and services tax (GST) from 1 July. The rupee opened at 64.72 a dollar and touched a low of 64.73—a level last seen on 24 June. At 9.15am, the rupee was trading at 64.69 a dollar, down 0.15% from its Thursday’s close of 64.63. More From Livemint »The government will hold a special midnight session of Parliament on 30 June to rollout GST. Asian currencies were trading higher as dollar extended losses with bonds as central banks worldwide shift towards a more hawkish tone.

Source: Mint June 30, 2017 03:45 UTC