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Rupee ends lower

MUMBAI: The rupee on Friday ended at an over two week low of 44.49/50 a dollar, driven-down by dollar demand from oil corporates amid rising crude prices and a broader firm dollar even as strong foreign portfolio investment inflows contained losses.

In slightly nervous trading at the interbank foreign exchange market, the rupee opened distinctly weak at 44.5350/5450 following the U.S. currency's robust strength against major global currencies, mainly the Japanese yen and the euro.

Rising crude oil prices at $60.76 a barrel also weighed on rupee value— PTI

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