The rupee was trading marginally lower against the dollar at 60.85, a marginal drop of 8 paise over Monday's close.
The forex markets are likely to eye the RBI's Monetary policy due later today. Any dovish statements may continue to see gains for the rupee.
The rupee has recovered this week after falling to its lowest levels in the last 3 months. Weak equity sentiments last week due to selling by foreign funds pushed the rupee lower.
The rupee had exactly in August last year hit its lowest level against the dollar of 68.86. It has shown remarkable recovery since, on the back of recovery in the current account deficit and a stable government at the centre. check currency rates here
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