Rupee Opens Weaker At 75.18 To The Dollar

The rupee opened weaker in trade at 75.18 against the US Dollar, as against Friday's close of 74.85 to the dollar. The week has begun on a bearish note for most global stock markets, thanks to rising infections from the coronavirus.

The rupee is expected to continued to trade in a price of band of 74 to 76 to the dollar this week, though significant weakness may see intervention from the Reserve Bank of India.

Meanwhile, most Asian markets were trading significantly lower, with the Japanese Nikkei down as much as 4 per cent in trade.

Global markets are expected to be increasingly volatile, including the currency markets.