The rupee opened the day weaker at 60.43 to the dollar as against its previous close of 60.29 . On Monday the rupee showed stellar gains, but, today slightly weakish sentiments prevailed in the currency markets.
The rupee has showed good gains for most of last week on the back of a surge in dollar inflows from FIIs. Even on Monday FIIs pumped in a sum in excess of Rs 1100 crores into the cash markets of the capital markets.
Steady dollar inflows from FIIs has helped the rupee in the last few weeks. The rupee exactly last year had fallen to record low levels of 68.86 against the dollar, but, has recovered since. Check rupee rates here
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