Rupee down against dollar

Chennai, May 7
The Indian rupee further weakened on Thursday by around 34 paise against the US dollar to Rs.63.88 during the early trade.

This is due to weakening of the equities in the bourses, capital outflows and higher demand from importers and banks, industry officials said.

The rupee opened at Rs.63.74 after the previous day's close of Rs.63.54 and went down to Rs.63.88 during the intra day trade.