Indian Rupee weakens at 42.17/18 per USD

Mumbai, Aug 8: The Rupee bounced back to a weaker side by shedding at least ten paise at 42.17/18 per US Dollar from its previous close of 42.07/08 per dollar, as oil prices and inflation inched higher.

Indian unit weakened as oil prices held close to USD 120 per barrel after rebounding from three-month lows in the previous session, raising worries of higher trade deficit, dealers said.

UNI