Rupee weakens to 62.21 per dollar ahead of WPI data

The rupee traded lower at 62.18/19 versus Friday's close of 62.125/135. Dealers are awaiting wholesale price-based inflation data due for release at 11.30 a.m. for cementing views on the likely outcome of the Reserve Bank of India's monetary policy review on Wednesday.

Fed taper fears are also weighing on rupee with outcome due on Wednesday after RBI meet.

Last week, retail inflation spiked to its highest on record, raising expectations of another rate hike by the central bank and adding to the woes of the embattled government.


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