Rupee trades higher at 61.10 to the dollar on reduced geo-political tensions

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The rupee was trading steady at 61.10 to the dollar, as against its previous close of 61.14 on Friday. Firm equity trends across the globe also saw gains for the rupee.

Last week the rupee had lost considerable ground after a rise in geo-political tensions following airstrikes ordered by US President Barack Obama on selected Iraqi targets and mounting tensions in Ukraine.

The rupee had hit a 5-month low last week, but, has recovered since. Dealers say the rupee is expected to rule steady in the next few weeks in the absence of major cues.  Check rupee rates here

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