Rupee at two -week low

The rupee gained for the second day and was higehst since August 19.

Rupee has opened at two-week low of 62.54/$.

The rupee gained for the second day and was higehst since August 19.

Rupee surged 1.61% as against the dollar.

The minutes of the US Federal Reserve meeting is scheduled for Wednesday and Thursday. This will give a cue on the timing and downsizing of the Fed’s bond-purchase programme known as quantitative easing programme.

The U.S. central bank has indicated it is ready to wind down its economic stimulus, via its $85-billion-a-month bond-buying program.