Rupee breaks two day gaining streak; down marginally

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Rupee breaks two day gaining streak; down marginally
The rupee weakened marginally in trade today with the currency trading at 55.66 to the dollar, against Friday's close of 56.61.

Strong equity markets and a penchant for risky assets, has saw global equity markets rallying and with it the Indian markets. This has led to sharp appreciation in the rupee for the last two days.

Dealers are of the opinion that the rupee may continue to rally given the strong expectations of reforms and rally across global equity markets. The euro has also rallied against the dollar.

Read more about: rupee, currency
Story first published: Monday, July 2, 2012, 10:19 [IST]
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