Rupee trades flat against dollar at 61.86

Business

oi-Sunil

By Sunil Fernandes

Published: Wednesday, March 5, 2014, 9:49 [IST]

The rupee was trading virtually unchanged against the US dollar at 61.86. Steady global cues, following a temporary solution to the crisis in Ukraine, bought about some calm in the forex markets.

Should global cues remain steady the forex markets are expected to continue to remain calm in the days to come. In fact, there are not many cues for the Indian markets this week. Check currency rates here

On Monday and Tuesday, the forex markets exhibited some volatility after problems in Ukraine came to the fore. However, markets have exhibited some quiet today.

The Indian rupee has been one of the better performing currencies in the last few months, thanks to improving fundamentals, particularly improving current account deficit.

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