The rupee shed one-fifth of a percent to hit a three-week low on Thursday after news of multiple explosions in London sparked a flurry of dollar buying, dealers said. The rupee fell to a three-week low as the blasts sparked a flurry of dollar buying.
The rupee closed at 43.6450/65 per dollar, 0.14 percent weaker on the day.
At 3:30 pm (1000 GMT), the partly convertible rupee was trading at 43.6650/6750 per dollar, 0.2 percent weaker on the day.
"The London blasts news has triggered some foreign bank (dollar) buying, it is like the blasts have happened here," a trader at a state-run bank said.
Federal bonds were marginally lower in choppy trade, with the yield on the newly reissued 7.27 percent bond maturing in 2013 trading at 7.0667 percent, higher than the previous close of 7.0473 percent.
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