The rupee was trading marginally lower against the dollar at 61.88. Trading in the forex market was reportedly thin on account of the new year.
Forex markets are likely to remain volatile in 2014, like in 2013, when the rupee hit a historic low of 68.81 against the dollar.
In fact, the rupee is likely to see immense volatility as the Fed continues to taper its QE3 programme and ahead of crucial general elections in 2014. Check rupee rates here
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