Rupee trades lower for second straight day on Ukraine worries

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Rupee trades lower for second straight day on Ukraine worries
The rupee was trading lower for the second straight day on mounting tensions in Ukraine. The currency was last trading at 62.13, a drop of nine paise over Monday's close.

Global currencies, including emerging market currencies were trading weaker on Tuesday after Ukraine said that it would mobilise its troops and Russia remained defiant.

The Indian currency was weak on Monday as well. Foreign fund flows into the Indian markets remained steady and foreign funds net bought in Indian shares on Monday despite worries over Ukraine.

The rupee has shown remarkable resilience in the last few months, after dropping to a historic low of 68.81 against the dollar last year. Check rupee rates here

GoodReturns.in

Read more about: dollar, currency, ukraine
Story first published: Tuesday, March 4, 2014, 9:51 [IST]
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