Rupee Gains Further; Opens at 63.05 to the Dollar

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The Rupee rallied for a second day in a row against the US dollar after global cues remained strong and the US Dow Jones gaining sharply in trade.

Rupee Gains Further; Opens at 63.05 to the Dollar
The rupee was last trading at 63.05 to the dollar, up 6 paise over Thursday's close of 63.11 to the dollar. Dealers say that the upside in the rupee would be restricted given the fact that Russian worries could drag emerging market currencies lower.

Fund flows from FIIs has also been weak in the last few days, which could exert pressure on the dollar. Check currency rates here

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