<p>The domestic currency rupee weakened on Thursday after minutes of the Federal Reserve's October meeting showed policymakers were considering cutting its stimulus programme in coming months.<br /><br /></p>.<p>Notwithstanding the RBI's intervention in the currency market, the rupee was seen trading in a very thin range this day and ended the session weak at 62.92 levels as compared with the previous close of Rs 62.58 per dollar.<br /><br />The dollar-rupee pair made a high of 62.97 levels and a low of 62.79 levels. It started the session on a weaker note at 62.90 taking cues from the strong recovery in the US dollar index and weak Asian currencies.<br /><br /> Currency traders attributed the weakness across these currencies mainly to the strong US data and the FOMC minutes released in the previous day.<br />Apart from dollary buying by oil marketing companies (OMCs), domestic stock market indices traded in the red which also dampened sentiments for the rupee further.</p>
<p>The domestic currency rupee weakened on Thursday after minutes of the Federal Reserve's October meeting showed policymakers were considering cutting its stimulus programme in coming months.<br /><br /></p>.<p>Notwithstanding the RBI's intervention in the currency market, the rupee was seen trading in a very thin range this day and ended the session weak at 62.92 levels as compared with the previous close of Rs 62.58 per dollar.<br /><br />The dollar-rupee pair made a high of 62.97 levels and a low of 62.79 levels. It started the session on a weaker note at 62.90 taking cues from the strong recovery in the US dollar index and weak Asian currencies.<br /><br /> Currency traders attributed the weakness across these currencies mainly to the strong US data and the FOMC minutes released in the previous day.<br />Apart from dollary buying by oil marketing companies (OMCs), domestic stock market indices traded in the red which also dampened sentiments for the rupee further.</p>
