Rupee trades higher again; up 11 paise at 61.84

Business

oi-Sunil

By Sunil Fernandes

Published: Tuesday, December 24, 2013, 10:06 [IST]

The rupee continued to witness strong momentum in early trade rising by 11 paise at 61.84 to the dollar.

The currency continued to exhibit strength following strong overnight equity closings in the US and Europe.

The rupee has continued to exhibit resilience despite the Fed's decision to taper, on strong dollar inflows from foreign funds.

It's likely that the rupee may continue to remain in a trading range as it has done in the last several weeks. The improvement in the current account deficit has also weighed on sentiments for the rupee. Check currency rates here

GoodReturns.in