Rupee Marginally Stronger at 61.70 to the Dollar

Business

oi-Sunil

By Sunil Fernandes

Published: Monday, November 24, 2014, 9:56 [IST]

The rupee opened the day marginally stronger to the dollar at 61.70 against its previous close of 61.76. Global sentiments were robust following an interest rate cut by China, which pushed equities across the globe and strenghthened currencies against the dollar.

The rupee had hit a nine-month low against the dollar last week, but, has recovered since on strength in equities.

The currency had been trading in a range for many months now within the 60-61 levels, but the same was broken as the rupee hit 62 last week. The rupee is expected to move in a range for most of this week.

Check rupee rates here

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