Rupee Opens Year 2015 on Weak Note

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The rupee opened the year 2015 on a weak note, as global cues remained poor. The currency was trading at 63.17 against the dollar, as against Wednesday's close of 63.03. The drop of 14 paise was largely on the back of global cues.

Rupee Opens Year 2015 on Weak Note
The US  Stock markets fell lower following a sharp drop in crude prices. Dealers say that rupee trading will see low volumes and things will return to normal by early next week.

Expect the rupee movement to be volatile in the current year and much would depend on foreign fund flows in 2015.

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