Rupee opens weak at 61.01 to the dollar

Business

oi-Sunil

By Sunil Fernandes

Published: Wednesday, September 24, 2014, 9:09 [IST]

The rupee opened the day weak at 61.01 to the dollar, as against Tuesday's close of 60.94 to the dollar. Indian stock markets are likely to open marginally weak and there was heavy selling from foreign funds on Tuesday in the Indian markets.

This is likely to have some rub-off effect on the forex market.

The rupee has more or less remained range bound at 60-61 levels for some months now. Dealers say the trend is likely to continue and much volatility is not expected. Also, there is not many global cues during the course of the week. Check rupee rates against a host of currencies here

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