Rupee opens marginally weak at 60.94 to the dollar

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Rupee opens marginally weak at 60.94 to the dollar
The rupee opened the day marginally weak at 60.94 to the dollar. The currency had closed at 60.84 to the dollar on Monday.
Global markets exhibited a slightly weakish trend which had a bearing on the forex market this morning.

The rupee has been trading in a range for the last several weeks. It has been moving in the 60-61 levels, though it did break the 61 levels for a few days.

In the absence of major cues the rupee is expected to continue to trade in this range.

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