Rupee trades steady at 61.62 to the dollar

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Rupee trades steady at 61.62 to the dollar
The rupee opened steady against the dollar in early trade, in line with steady cues across stock markets around the globe.

The rupee was last trading at 61.62, down 3 paise over Wednesday's close.

The currency is expected to trade steady against the dollar ahead of the Federal Reserve's Open Market Committee. The rupee will also take cues from the Indian Monetary Policy, in which analysts expect the central bank to hike repo rates and raise the MSF rates.

Read more about: dollar, repo rate, msf
Story first published: Thursday, October 24, 2013, 9:08 [IST]
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