For Quick Alerts
For Daily Alerts

Rupee drops 33 paise against dollar; scales past 62

Rupee drops 33 paise against dollar; scales past 62
The rupee dropped 33 paise in early trade and is heading for a big weekly loss as global cues continue to play spoilsport.

The rupee was last trading at 62.14 against the US dollar. After having made substantial gains towards the early part of the week following a handsome win for the BJP in the state elections, the rupee declined through the week on worries that the Federal Reserve may begin its QE3 tapering. Read more on QE3 tapering here

Today, the rupee weakened further after inflation came in higher then expected and fears rose that the Reserve Bank of India would hike interest rates again.

The rupee is likely to end the day lower today and would be extremely volatile the next week ahead of the Fed meet and the RBI meet slated for December17 and December 18 respectively. Check rupee rates here

Read more about: dollar qe3 tapering inflation
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