| Date: |
05-06-2015 |
| Subject: |
Indian rupee opens flat at 64.01 per dollar |
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The Indian rupee has opened flat at 64.01 per dollar on Friday against previous day's closing value of 64 a dollar. The currency immediately showed some recovery in early trade, up 6 paise at 63.94 a dollar.
Pramit Brahmbhatt of Veracity said, "Today also local equities are expected to trade weak as Asian markets have already opened weak for the day taking cues from concerns raised over Greece issue.”
“Expect rupee to depreciate today as weakness in Asian markets will force local equities to trade low. Also the strength in dollar may keep rupee under pressure. Rupee range for the day is seen between 63.60-64.40/dollar," he added.
Meanwhile, euro weak against the dollar as traders pocket profits from euro's biggest two-day gain in six years and German bund yields slip from multi-month highs. The dollar index at around 95.70 levels.
Source : moneycontrol.com
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