Rupee opens weak at 61.90 to the dollar

Business

oi-Sunil

By Sunil Fernandes

Published: Friday, November 1, 2013, 9:13 [IST]

The rupee opened the day sharply lower by 45 paise at 61.95 and was last trading at 61.90 to the dollar. Most emerging market currencies were trading lower against the dollar.

This is a sharp for the rupee seen in recent weeks.

Dealers say that the rupee is likely to move in a range in the absence of any major cues. Sharp dollar inflows into the stock markets have also helped support the rupee in the last few trading sessions.

A series of measures unveiled by the RBI have also helped the Indian currency, after the rupee hit a record low of 68.81 against the dollar earlier in September. Check rupee rates here

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