Rupee breaches 62 mark; trades at 62.03 to the dollar

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Rupee breaches 62 mark; trades at 62.03 to the dollar
The rupee breached the 62 mark in trade, as the currency exhibited signs of weakness against the US dollar. The rupee was last trading at Rs 62.03, a drop of 22 paise over Wednesday's close.

Weak openings across the equity market weighed on sentiments. Forex markets would now closely watch to crucial cues, including the Federal Market Open Committee Meet and the RBI Monetary Policy meet due on Jan 28. Both, will likely provide some direction for the forex markets.

The rupee had gained 7 paise at 61.81 against the US dollar on increased selling of the American currency by exporters in Wednesday's trade, according to PTI reports.  To check rupee rates click here

Meanwhile, equity markets were trading marginally lower with the Sensex down 12 points in early trade.

Read more about: dollar, currency
Story first published: Thursday, January 23, 2014, 10:14 [IST]
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