Rupee resumes weak at 43.28 against USD

Mumbai, Aug 18: The rupee on Monday, Aug 18 opened weak at 43.28/29 against US dollar as compared to the previous close of 43.00 on Thursday due to lack of dollar buying by local dealers.

The domestic currency was down on Monday, Aug 18 to one-and-a-half month's low as a stronger dollar overseas weighed on sentiment. But amidst report that the central bank might intervene to restrict its further slide, halted its steep fall, brokers pointed out. Trading resumed after a long weekend. Later, it fluctuated between 43.15 and 43.34 per dollar during the mid-session, off a low of 43.34, its weakest since July 8. It was 0.6 per cent weaker than 43.00/01 at close on Thursday.

UNI