Rupee opens the week lower; trades at 63.83 against the dollar

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 Rupee opens the week lower; trades at 63.83
The rupee opened the week on a subdued not and was trading lower by 63 paise at 63.83, as against its Friday's close of 63.20.

In fact, on Friday the rupee rebounded sharply on possible RBI intervention. Dealers say that the rupee would continue to remain volatile for the next weeks until the Fed Reserve meeting takes a decision on Fed tapering in September.

Bond yields had also dropped in line with the fall in the rupee on Friday. Meanwhile, Indian markets are expected to open higher in line with Asian markets, which were mostly trading higher. Check currrency rates here

Read more about: dollar
Story first published: Monday, August 26, 2013, 9:12 [IST]
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