Rupee opens strong even as global stock markets slump

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Rupee opens strong even as global stock markets slump
The rupee opened the week strong despite a slump in the global stock markets with the currency trading at 61.29 to the dollar, a gain of six paise over Friday's close. 

Worries over economic growth continued to worry investors in stocks and the currency market. Though the rupee gained in early trade dealers say that this might largely be on account of RBI intervention and weakish trend in the currency market may continue until global markets stabilize.

There are not much cues for the currency markets this week. Check rupee rates here

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Read more about: dolar, rbi
Story first published: Monday, October 13, 2014, 9:03 [IST]
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