Rupee Flat at 61.69/Dollar; Japan Slips Into Recession

The rupee was little changed at 61.69 vs its previous close of 61.72/73. Asian currencies were trading stronger to mixed versus dollar.

The rupee was stable, but volatility was high in the dollar index as Japan slipped into recession.

Japan's economy unexpectedly slipped into recession in the third quarter. Gross domestic product (GDP) on the country fell at an annualised 1.6 per cent pace in July-September, after it plunged 7.3 per cent in the second quarter following a rise in the national sales tax, which clobbered consumer spending.

Copyright: Thomson Reuters 2014