Rupee trades marginally weak at 60.14 to the dollar

Business

oi-Sunil

By Sunil Fernandes

Published: Friday, July 25, 2014, 10:09 [IST]

The rupee was trading marginally weak by 2 paise in trade at 60.14 to the dollar. The rupee had rallied in the last one week on strong dollar inflows into the Indian markets, which have now crossed almost $25 billion in 2014.

Slight weakness across the stock markets also weighed on the currency markets.

The rupee has remained one of the best performing currencies this year, rallying from a low of 68.86 hit in August last year. A fast improving current account deficit and hopes of an economic turnaround have helped bolster sentiments for the rupee.

The rupee is expected to trade in a range as most of the major cues are now behind us, including the Union Budget 2014.

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