Rupee Opens Marginally Strong at 61.99 to the Dollar

Business

oi-Sunil

By Sunil Fernandes

Published: Tuesday, December 2, 2014, 9:06 [IST]

The Rupee opened the day marginally stronger against the dollar at 61.99, as against its previous close of 62.03. The currency markets may react albeit marginally to the RBI's Credit Policy to be unveiled at 11.00 am.

There maybe bouts of volatility seen ahead of the credit policy. Most analysts see the RBI maintaining a status quo on policy rates by the Reserve Bank of India.

The Indian rupee has been showing some signs of weakness in the last few weeks and has easily scales past the 62 levels mark despite robust foreign fund inflows and falling crude prices. Check rupee rates here

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