Mumbai/New Delhi, 11 November: Renewed speculation about the United States Federal Reserve’s likely rollback soon, albeit gradually, of its monthly $85-billion Treasury bond buying programme since the job data for October has shown spectacular rise in employment, pulled the partially convertible rupee down to its  eight-week low at 63.36 per US dollar in early deals on inter-bank foreign exchange market today.
Other factor responsible for weak rupee and stocks is increase in the country’s trade deficit to $10.56 billion for October from $6.7 billion in September.
Meanwhile, finance minister P Chidambaram today said the domestic currency will stabilise.