Rupee weakens to 62.57 on caution ahead of US jobs data

The rupee ended marginally lower on Wednesday as sentiment remained cautious with foreign funds continuing to be steady sellers of local debt ahead of key U.S. nonfarm payrolls data. Foreign institutional investors have sold rupee debt worth $1.5 billion for nine of the 10 sessions to Tuesday. While the outflows have not assumed the proportions of last summer, which saw the rupee plunging to a record low of 68.85 to the dollar i...