For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Rupee trades flat at 62.32 to the dollar

|

Rupee trades flat at 62.32 to the dollar
The rupee was trading flat at 62.32 to the dollar, after equities rallied across the globe on better than expected economic data from the US.
 

The US payroll report released on Thursday saw rising hopes that economic recovery in the US would gather momentum.

The rupee has been trading steady against the dollar and has shown gradual recovery in the last few weeks. This is despite a currency turmoil across emerging markets including the Argentinian Peso, the South African Rand, the Turkish Lira and the Mexican Peso.

Also, the US Fed has now twice tapered off its bond buying programme in December and January, but, this has not had any significant impact on the Indian rupee.

With the current account deficit falling dramatically in the last few quarters, the rupee is likely to remain resilient against the US dollar. Check rupee rates here

GoodReturns.in

Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
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