Rupee trades strong at 64.50 in early morning deals

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 Rupee trades strong at 64.50 in early morning deals
The rupee opened at 64.30 against the dollar and was last trading at 64.50, a gain of 5 paise over Thursday's close.

On Thursday the rupee hit a historic low of 65.56, but later recovered as the RBI may have sold dollars via public sector banks.

Also, Finance Minister's press conference in which he tried to allay fears on the current account deficit also helped to calm nerves.

The Finance Minister reiterated that there would be no capital control measures after some panic gripped the stock and forex markets through the week.

Also, Asian markets and currencies exhibited a calm trend after fears of QE tapering in the US gripped global markets. Check currency rates here

Read more about: dollar
Story first published: Friday, August 23, 2013, 9:12 [IST]
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