For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Rupee trades at 61.24 in early trade

|

The rupee lost ground against the dollar and was trading at 61.24 against the dollar, a drop of 11 paise over Monday's close. Weak equity sentiments and fears that the Federal Reserve may taper its QE3 programme this month weighed on sentiments.

There were also worries that the Reserve Bank of India (RBI), which is slated to meet next week may hike interest rates again.

All eyes would now be on the Federal Open Market Committee (FOMC) meet which is slated to end on December 18 for hints of QE3 tapering. Read more on QE3 tapering here

GoodReturns.in

Story first published: Tuesday, December 10, 2013, 9:53 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
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