For Quick Alerts
For Daily Alerts

Rupee opens higher at 63.18 to the dollar

 Rupee opens higher at 63.180 to the dollar
The Indian rupee opened the day higher once again in trade today, gaining 20 paise over Wednesday's close of 63.18. The currency was last trading 63.18 to the dollar.

The rupee has so far gained almost 7 per cent this month and dealers say that it could now stabilise around the current levels and wait for cues from the Federal Open Market Committee meet scheduled for September 18 and Sept 19.

Should the US Federal Reserve decide to taper off its asset purchase programme it could have some reaction on the rupee.

For the next few days it is believed that the rupee would continue to witness some stability.

Encouraging trade data and a morale boost with the appointment of new RBI Governor Raghuram Rajan has helped recovery in the rupee so far this month. For currency rates click here

Read more about: dollar currency
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