The rupee opened marginally lower against the dollar at 61.34, as against Friday's close of 61.24. The rupee recorded sharp gains last week, even as the US avoided a debt ceiling crisis.
Robust dollar inflows from foreign institutional investors has helped support the rupee in the last few days. Dealers say the rupee is likely to remain rangebound at the current levels, in the absence of any major triggers.
The rupee has been one of the best performing currencies in the last few weeks riding on the back of RBI measures.
Forex markets would now await for the forthcoming monetary policy from the RBI scheduled for Oct 29, 2013 and may take triggers from the same. Check currency rates here
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