For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Rupee trades weak at 62.18 to the dollar

|

Rupee trades weak at 62.18 to the dollar
The rupee was trading weak against the dollar at 62.18, a drop of 5 paise over Friday's close. Worries that the Reserve Bank of India may hike interest rates at its monetary policy meet on Dec 18, weighed on sentiments.

 

Dealers say that what would also be crucial for the rupee would be the Fed Open Market Committee Meet slated for Dec 18.

Should the Federal Reserve decide to taper its asset purchase programme there could be further weakness in the Indian rupee.

The rupee has been showing signs of weakness in the last few trading sessions on fears of QE3 tapering.

GoodReturns.in

Read more about: dollar qe3 tapering
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