Rupee Opens Strong at 63.51 to the Dollar

Business

oi-Sunil

By Sunil Fernandes

Published: Wednesday, January 7, 2015, 9:06 [IST]

The rupee opened the day stronger against the US dollar after the large scale selling pressure witnessed on Tuesday, in which the Sensex lost a huge 854 points.

The rupee was trading at 63.51 against its previous closing of 63.56. Global markets were quiet which is one reason why the rupee also opened with marginal gains.

Dealers say that the currency may see intervention by the RBI should volatility continue. It's likely that there could be turbulence in stock markets given concerns over Greece and falling crude prices. This could have a bearing on the currency markets as well. Check rupee rates here

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