Rupee slips past 87-mark against US dollar, hits lowest level in over 4 months. What’s behind the weakness?

Wait 5 sec.

INR vs USD: Rupee opened on a weaker note and depreciated by 24 paise from its previous close, touching an early low of 87.15 against the greenback. In the previous session, the rupee had already slipped to an over four-month low, ending 21 paise lower at 86.91.