Rupee Opens Flat at 63.18 to the Dollar

Business

oi-Sunil

By Sunil Fernandes

Updated: Thursday, January 8, 2015, 12:23 [IST]

The rupee opened the day flat at 63.18 to the dollar, as against its previous close of 63.17.The currency has seen remarkable recovery in the midst of a falling stock market in the last few days.

Dealers say the currency would continue to trade in a range in the absence of any major cues, though one can expect remarkable volatility in the currency given a number of global events.

Meanwhile, global cues were buoyant following better than expected numbers from the US and also on easing worries in Greece. Hopes of a stimulus from the ECB also helped support sentiments. Check currency rates here

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