Rupee falls to 60.37 against dollar

The Indian rupee weakened to 60.37 against a dollar Wednesday, registering a decline for the third straight session, as profit-taking by foreign investors in the stock markets put pressure on the local currency.

The partially convertible rupee closed at 60.37 against a dollar, 14 paise weaker than its previous day's close at 60.23. The rupee had weakened by 14 paise Tuesday also.

This is the third straight day of fall in the value of Indian currency, the worst falling streak since January.

The rupee hit a low of 60.42 against a dollar and high of 60.18 in the intra-day.

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