For Quick Alerts
For Daily Alerts

Rupee trades weak at 66.10 to the dollar

Rupee trades weak at 66.10 to the dollar
The start of the week was not good for the rupee with the Indian currency dropping to 66.10 against the dollar in early trade.

The rupee had shown a spectacular rally on Thursday and Friday, to jump from a low of as much as 68.81 to the dollar to end last week at 65.70. This was largely on the back of the RBI announcing a decision to open a forex swap window for oil marketing companies.

Dealers say that the rupee might continue to remain volatile through the day until there is clarity on the Federal Reserve decision on asset tapering in Mid September.

Meanwhile, Indian markets are expected to open flat in line with most Asian markets and are likely to take cues from the rupee movement. To check rupee rates click here

Read more about: dollar currency
Story first published: Monday, September 2, 2013, 9:08 [IST]
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more