Rupee in free fall, slips 8 paise to fresh 3-month low

Extending its losses for the fourth session, the rupee weakened by 8 paise to trade at fresh 3-month low of 64.87 against the US dollar in opening trade ahead of RBI’s minutes for the latest policy meeting due later.

Mumbai: Extending its losses for the fourth session, the rupee weakened by 8 paise to trade at fresh 3-month low of 64.87 against the US dollar in opening trade ahead of RBI's minutes for the latest policy meeting due later today.

The benchmark BSE Sensex rose 207.77 points, or 0.61 per cent, to 33,911.36 in early trade. The rupee ended lower by 58 paise yesterday at 64.79  its lowest in three months on rise in capital outflows.

On a net basis, foreign investors withdrew Rs 850.35 crore yesterday, as per provisional data released by the stock exchanges.