The rupee has opened marginally weak and was trading at Rs 58.83 against the dollar as against its close of 58.70 on Monday. A marginal fall in the rupee was despite the current account deficit coming in at just 0.2 per cent of GDP for the quarter ending March 2014.
The current account deficit fell for the third straight quarter on the back of fall in gold imports. Last year a record current account deficit played havoc with the rupee and the currency fell to a record low of 68.86 against the dollar.
Read more on current account deficit and its relation ship to the rupee here
Dealers say that the rupee will continue to trade in a range and the next big trigger for the currency could be the Union Budget due in the month of May.
There are no immediate global triggers that could affect the rupee in the short term. Check currency rates here
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
/img/2014/05/27-rupee6.jpg "rupee")
Sign in with Google