INR

92.710

United States Dollar

The dollar rallied against major global currencies, which was one reason why the rupee weakened in early trade.

The rupee has been steady for most of the year and has exhibited less volatility, since it hit its historic low of 68.81 against the dollar in Sept last year.

However, since then the rupee has recovered sharply thanks to a reduction in the current account deficit.

It's unlikely that the rupee would test these levels once again. In the immediate future the rupee would draw cues from the Monetary Policy and the forthcoming Fed policy meet, both of which are due next week. Check currency rates here

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