Rupee gains 25 paise against the dollar in trade

Business

oi-Sunil

By Sunil Fernandes

Published: Thursday, October 17, 2013, 9:06 [IST]

The rupee opened the day with gains after the US Debt deal crisis was averted and markets around the globe rallied. The rupee was trading at 61.57, to the dollar in early trade.

The dollar had gained strength against some other currencies, after the US House passed a debt deal.

The Indian rupee is expected to move in a range in the next few weeks in the absence of any major cues. The rupee has been one of the best performing currencies in recent times following a series of measures initiated by the Reserve Bank of India.

The rupee had dipped to as much as 68.81 against the dollar in Sept, following which it has seen a sharp recovery. Check rupee rates here

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