Rupee Opens Strong at 63.51 to the Dollar

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    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.

    Rupee Opens Strong at 63.51 to the Dollar
    71.246 US Dollar
    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

    Read more about: dollar
    Story first published: Wednesday, January 7, 2015, 9:06 [IST]
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