For Quick Alerts
For Daily Alerts

Rupee trades weak at 62.32; drops six paise


Rupee trades weak at 62.32; drops six paise
The rupee was trading weak at 62.32 against the dollar, as sentiments in the equity markets remained weak following poor closings across the US markets.

Dealers say that the rupee has begun the year on a bearish note. According to reports there has been some dollar demand from foreign funds, which led to decline on Thursday and further demand on Friday pushed the currency lower again.

The Indian currency has recovered substantial ground since falling to a historic low last year. The currency hit a low of 68.81 against the dollar in Sept last year after investors worried over the Fed's decision to taper its QE3 programme.

Dealers say that the currency would continue to trade in a range at least in the next few weeks, unless one sees major cues. Check rupee rates here

Read more about: dollar qe3
Story first published: Friday, January 3, 2014, 9:55 [IST]
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