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Rupee continues to gain; up 12 paise against the dollar

 Rupee continues to gain; up 12 paise against the dollar
The rupee opened steady at 63.85 to the dollar, as against its Wednesday's close of 63.84 and continued to gain. It was last quoting at 63.72 against the dollar at 9.10 am IST.

The rupee had rallied by more then 2% against the dollar on Wednesday as crude oil prices cooled off and fears of an immediate conflict in Syria eased.

The rupee and the markets are expected to be steady today, after breathtaking rallies in both the segments on Tuesday.

Dealers say the rupee may trade steady and the next big trigger now would be the Federal Reserve decision on tapering off of quantitative easing. The Fed is likely to take a decision on Sept 19. Check rupee rates here

Read more about: dollar qe3
Story first published: Wednesday, September 11, 2013, 9:10 [IST]
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