Rupee Drops 14 Paise; Opens at 62 to the Dollar

Business

oi-Sunil

By Sunil Fernandes

Published: Monday, February 2, 2015, 9:06 [IST]

The rupee opened the day at 62 to the dollar, dropping by 14 paise against its Friday's close of 61.86. The currency was weak largely on the back of poor global cues, particularly a drop in global stock markets.

The currency is expected to remain volatile ahead of the RBI's Monetary Policy to be declared later on Tuesday. It's widely expected that the RBI may hold interest rates steady.

The rupee weakened towards the end of Jan on month end demand. Check rupee rates here

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