For Quick Alerts
For Daily Alerts

Rupee trades weak by six paise at 62.37


Rupee trades weak by six paise at 62.37
The rupee was trading marginally weak in trade down 6 paise at 62.37. The rupee has been showing signs of weakness since the beginning of the year.

Foreign fund flows into the markets have not been too great to support the rupee. It was largely anticipated that foreign funds would make huge purchases, which would help support the rupee. However, they have been net sellers in the cash market on Monday as well.

The rupee is likely to trade in a range in the absence of any major cues. Forex markets would look to the possibility of further QE3 easing, when the Fed Minutes of the meeting are revealed later this week. TO read more about QE3 click here

Read more about: dollar qe3
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