| Date: |
07-05-2014 |
| Subject: |
Indian rupee opens higher at 60.04 per dollar |
|
The Indian rupee opened marginally higher at 60.04 per dollar versus 60.11 Tuesday.
The dollar fell against the currencies of major US trading partners, especially the euro, which rose on data showing a strong European Service Sector.
The yen traded near Tuesday's three-week high of 101.48 per dollar and is up 0.5 percent in the past week.
Himanshu Arora of Religare said that, "Dollar-rupee pair is expected to trade strong amid continued corporate dollar sales and after HSBC services sector data boosted confidence in the market."
"Also strong equities are likely to underpin rupee in short term. The range for the day is seen between 59.77-60.25/dollar," he added.
Source : moneycontrol.com
|