| Date: |
21-04-2015 |
| Subject: |
Indian rupee opens at 63.14/USD, slips further by 23 paise |
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The Indian rupee continue its down move on Tuesday as it has opened lower by 23 paise at 63.14 per dollar against its previous close of 62.91.
Yesterday the rupee touched a one-month low of 62.93 on back of possible demand for the US dollar by defense and oil marketing companies.
The dollar rose broadly, with the euro sliding against the US currency, on growing concern that Greece may default on debts.
Ashutosh Raina of HDFC Bank said, "The poor trade deficit numbers coupled with some FII outflows sent the USD-INR pair towards the higher end of the recent trading range and almost touched 63/dollar, where some exporter selling emerged along with some Central Bank intervention which arrested the freefall. Some more weakness in the rupee cannot be ruled out today."
Source : moneycontrol.com
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