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Rupee opens weak at 63.30 against the dollar
INR
83.575 | United States Dollar |
Dealers say the rupee would first take cues from the Fed policy and then from the RBI Monetary Policy meet scheduled for Friday.
The rupee has appreciated dramatically in the last few days after hitting a historic low of 68.81 against the dollar. Periodic RBI intervention and hopes raised by the appointment of new RBI Governor Raghuram Rajan has led to a swift rally in the rupee.
According to dealers the next few days would be crucial for the rupee considering the important events at hand. Check rupee rates here
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Story first published: Tuesday, September 17, 2013, 9:06 [IST]