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Rediff.com  » Business » Rupee closes 2013 as Asia's third weakest currency

Rupee closes 2013 as Asia's third weakest currency

Last updated on: December 31, 2013 17:27 IST

RupeeThe Indian rupee ended higher on Tuesday, closing the year as Asia's third worst performer, with the quantum of future stimulus tapering by the Federal Reserve and the general elections due by May to set direction in the new year.

The partially convertible rupee closed at 61.80/81 per dollar compared with 61.91/92 on Monday.

It fell 11 per cent in 2013, its third successive annual loss.

Subhadip Sircar in Mumbai
Source:
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