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Rupee drops 9 paise at 60.62 to the dollar
INR
83.500 | United States Dollar |
The currency has been rallying in the last few days on the back of strong dollar flows from foreign funds. Dealers say the RBI may not allow the rupee to rally beyond the 60 levels to ensure that exports remain competitive.
In August last year, the rupee fell to a historic low of 68.86 against the dollar, but has recovered significantly in the last one year. To check rupee rates against major currencies click here
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Story first published: Tuesday, September 2, 2014, 9:15 [IST]