Rupee likely to trade weak

Mumbai, Aug 26 (UNI) Indian Rupee went down to Rs 46.61 per US Dollar on the last day of trading attributing the weakness to rising crude oil price.

It is expected with the nuclear sanctions on Iran round the corner, Rupee will further tumble against US dollar, a money market trader said.

Experts believe Rupee is expected to trade in the range of 46.50 to 46.70 per USD. Only solace for Rupee would be the resurgent performance of Bombay Stock Exchange, which is expected to trade in the positive territory next week.

However, on the basis of this weeks performance of Rupee against other currencies, it can be said, Rupee is likely to go up against other currencies like Euro, Pound Sterilng and Japanese Yen.

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