Rupee trading weak at 62.5 to the dollar

Business

oi-Sunil

By Sunil Fernandes

Published: Monday, September 23, 2013, 9:17 [IST]

The rupee opened the week lower at 62.50 to the dollar, down 17 paise over Friday's close. Weak equity sentiments across the globe pushed the rupee lower.

Comments by US St. Louis Fed President James Bullard that the Fed could taper in October, saw equities trading lower and the rupee falling.

The US markets had already plunged on Friday following Bullard's comments.

Dealers say that the rupee would continue to track global cues, particularly US data and comments from key officials there. Check rupee rates here

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