Rupee opens strong at 62.17 to the dollar

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 Rupee opens strong at 62.17 to the dollar
The rupee opened the day strong at 62.17 to the dollar on steady global cues. The currency had closed at 62.40 to the dollar on Monday.

Most of Asian currencies and markets were trading higher, despite worries over the US government shutdown.

Dealers say that the Indian currency has now stabilised and may continue to trade in a range in the absence of any major cues.

The next big trigger for the rupee is likely to be the US Fed meet later this month and also India's own monetary policy.

Meanwhile, Indian markets are expected to open strong on the back of strength across Asian markets. Check currency rates here

Read more about: dollar, us fed, asian markets
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