The Rupee Dropped in early trade to 63.30 as against its Monday's close of 63.23 against the dollar. Global cues were quiet as oil began to fall once again in trade.
The rupee is expected to trade in a range in the next few sessions with a truncated week on account of Christmas and year end considerations. Volumes are also expected to be low until the beginning of the year.
The rupee has moved in a range for most of the year, but has fallen in the month of December as global sentiments remained slightly weakish. Check rupee rates here
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