| Date: |
23-04-2014 |
| Subject: |
Indian rupee opens at 60.87 per dollar; down 11 paise |
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The Indian rupee opened lower by 11 paise at 60.87 per dollar versus 60.76 Tuesday.
Major currencies trade on familiar ground after an uninspired session that kept the dollar, euro and yen locked in narrow ranges.
Pramit Brahmbhatt of Veracity India said that, "Rupee is expected to trade weak due to uncertainty over election outcome and again the month-end dollar demand will help dollar to trade strong. Also profit booking in equities will also keep rupee under pressure."
The range for the day is seen between 60.40-61.40/dollar," he added.
Source : moneycontrol.com
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