The rupee weakened on Thursday after the dollar gained modestly after Federal Reserve Chairman Ben Bernanke said the central bank would be flexible about its US monetary stimulus.
Also Read: Rupee's plunge drives up offshore debt costs for India Inc
Investors are looking ahead at a planned open market operation (OMO) sale of Rs 12000 crore from the Reserve Bank of India later in the day, in what is a key plank in its move to drain liquidity from the financial system to support the rupee.
The rupee was at 59.63/64 after closing at 59.34/35 on Wednesday.
The most traded 8.33 percent 2026 bond was 2 basis points higher at 8.20 percent.
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