| Date: |
10-03-2015 |
| Subject: |
Indian rupee opens at 62.80 per dollar; slips 25 paise |
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The Indian rupee slipped further on Tuesday. It has opened lower by 25 paise at 62.80 per dollar versus 62.55 Monday.
The dollar fell marginally from multi-year highs as investors took profits from gains.
Ashutosh Raina of HDFC Bank said, "Post the stupendous US jobs number, the rupee has slipped back into the 62.00-63.00/dollar range. As the pair is overvalued on trade weighted basis against a basket of currencies and dollar strength expected to continue, we expect the rupee to be under pressure and weaken further from current levels."
Source : moneycontrol.com
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