Rupee trades marginally higher at 62.18 to the dollar

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Rupee trades marginally higher at 62.18 to the dollar
The rupee was trading with marginal gains of 62.18 against the dollar in early trade. The currency had closed at 62.30 to the dollar on Tuesday.

The rupee has been steady for most of 2014, after having dropped to a historic low of 68.81 against the dollar in the month of September, 2013.

Dollar inflows from foreign funds into Indian equities have not been too encouraging so far. FIIs have been selling Indian equities in the last few trading sessions.

It may be noted that foreign funds had made huge equity purchases in the year 2013, which also helped support the rupee. To check rupee rates click here

Read more about: dollar, fiis
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