| Date: |
15-04-2014 |
| Subject: |
Indian rupee opens at 60.31 per dollar; down 14 paise |
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The Indian rupee opened lower by 14 paise at 60.31 per dollar against 60.17 Friday.
The dollar is firm versus major currencies, after US retail sales data signaled a brighter outlook for the US economy.
The euro remained under pressure from weekend comments from European Central Bank officials, including ECB President Mario Draghi, who rekindled speculation about more easing in the euro zone.
Against the yen, the greenback edged up to 101.93 yen, moving away from Friday's 3-1/2-week low.
Pramit Brahmbhatt of Veracity said that, "Rupee is expected to appreciate on the back of strong Asian and US equities. Indian local equity is also expected to open in green which will aid rupee. The range for the day is seen between Rs 59.50 - 60.75/dollar."
Source : moneycontrol.com
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