For Quick Alerts
For Daily Alerts

Rupee scales past 63 to the dollar in early trade


The rupee weakened past the 63 mark in early trade against the dollar after having opened at 62.66 to the dollar. The currency was weak even on Thursday after reports from the Fed Minutes spooked currency and equity markets.

The Indian currency would continue to take directions from Fed taper talks, though many believe that the currency is now better equipped if the Fed decides on QE3 tapering.

On Thursday the minutes of the Fed meeting hinted at earlier then expected withdrawal of the Fed stimulus which saw the Nifty lose close to 2 per cent.


This had an impact on the currency market with the Indian rupee losing ground. Check currency rates here

Read more about: dollar currency fed qe3 tapering
Story first published: Friday, November 22, 2013, 9:41 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
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