Rupee falls on Asia forex weakness

The rupee was weaker in early trades tracking strength in dollar vs other currencies in Asia; at 61.95/96 versus its close at 61.85/86 on Friday. The BSE Sensex gained 0.3 per cent.

The spot NDF in the Singapore market was trading at 61.98/62.00.

Dealers said spot moves to be flows-driven, oil demand is being watched. The pair may hover in at 61.80-62.20 band.

"If government demand comes in, it may be 62.30 or so," said dealer.

Copyright: Thomson Reuters 2013