Rupee Opens Marginally Stronger at 63.42 to the Dollar

Business

oi-Sunil

By Sunil Fernandes

Published: Friday, December 26, 2014, 9:05 [IST]

The rupee opened the day marginally stronger at 63.42, against its previous close of 63.52 to the dollar. Dealers say strong global cues helped support the rupee in early trade.

They also believe that volumes are likely to be thin in the wake of the christmas holiday season. Demand from several clients is also likely to be thin.

The rupee is likely to the close the year with slight weakishness despite a strong government in the centre. The December month in particular has not been good for equities nor has it been good for the rupee.

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