Rupee drops to 66.41 against the dollar

Business

oi-Sunil

By Sunil Fernandes

Published: Tuesday, September 3, 2013, 9:10 [IST]

The rupee opened the day lower at 66.29 against the dollar, after closing at 66 on Monday and continued its down slide. It was last trading at 66.41 to the dollar in early trade.

Though there was a 41 paise drop, dealers say that the currency has exhibited some amount of stability - something that the RBI would prefer.

Last week it maybe recalled the rupee slipped to a lifetime low of 68.81 against the dollar, but has recovered since.

Dealers say that the Fed decision on tapering and and an impending attack on Syria would continue to weigh on rupee sentiments. At least in the next few days we could see heightened volatility going ahead.

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