Rupee trading flat at 62.50 against the dollar

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Rupee trading flat at 62.50 against the dollar
The rupee was little changed against the dollar, trading at 62.50, as against Monday's close of 62.49 to the dollar.

Flat global cues, particularly in equity markets ensured less volatility in the rupee. Dealers say the rupee is expected to move in a range in the absence of any major cues.

The next big event for the forex markets would be next month's monetary policy and the Fed meet. Any tapering done in the December policy of the Fed could put pressure on the rupee. The currency is expected to move in a range in the next few days.

GoodReturns.in

Read more about: dollar, qe3
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