Rupee drops 14 paise at 61.89 to the dollar

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Rupee drops 14 paise at 61.89 to the dollar
The rupee dropped 14 paise at 61.89 to the dollar in early morning trade. The rupee has been trading in a narrow range in the last few weeks.

In the months of September and October, the rupee saw a sharp recovery and was one of the best performing Asian currencies.

Dealers say that the currency may continue to remain rangebound in the next few weeks in the absence of any major triggers.

Steady inflows from foreign funds and a host of measures undertaken by the RBI have helped the rupee recovery. Check rupee rates here

Read more about: dollar, forex
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