Rupee up 13 paise against the dollar

Business

oi-Sunil

By Sunil Fernandes

Published: Monday, December 30, 2013, 10:03 [IST]

The rupee was trading higher by 13 paise against the dollar at 61.96. It's likely that activity in the forex market will stay thin given the festive season and year end consideration.

The Indian rupee has exhibited relative stability in the last few weeks, thanks to a slew of measures initiated by the Reserve Bank of India. The RBI has also not been intervening too much in the forex market.

Earlier this year, the rupee hit a historic low of 68.81 against the dollar, fuelled largely by worries over the Fed tapering of QE3.

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