Mumbai: The rupee weakened in early trade on Friday tracking mixed cues from other regional peers with a choppy start to the domestic share market providing little clarity on the direction of fund flows.
At 9:22 a.m. the partially convertible rupee was at 45.74/75 per dollar, below its close of 45.68/69 on Thursday, when it rose to a high of 45.55, its strongest since Sept. 23, 2008.
Asian currencies were mostly rangebound versus the dollar.
The dollar dipped against the yen on Friday after Japanese Finance Minister Naoto Kan said markets should decide exchange rates. However, the index of the dollar against six major currencies was up 0.1 percent.
Indian shares opened marginally lower but soon turned positive.
Bureau Report
First Published: Friday, January 08, 2010, 10:17