Rupee trading weak at 62.5 to the dollar

Posted By:
Subscribe to GoodReturns

 Rupee trading weak at 62.5 to the dollar
The rupee opened the week lower at 62.50 to the dollar, down 17 paise over Friday's close. Weak equity sentiments across the globe pushed the rupee lower.

Comments by US St. Louis Fed President James Bullard that the Fed could taper in October, saw equities trading lower and the rupee falling.

The US markets had already plunged on Friday following Bullard's comments.

Dealers say that the rupee would continue to track global cues, particularly US data and comments from key officials there. Check rupee rates here

Read more about: dollar, james bullard
Story first published: Monday, September 23, 2013, 9:17 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'