| Date: |
16-06-2015 |
| Subject: |
Indian rupee opens higher at 64.07/$, up 9 paise |
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The Indian rupee has opened higher at 64.07 a dollar, up 9 paise compared to previous day's closing value of 64.16 a dollar.
Ashutosh Raina, HDFC Bank said Greece continues to be focus of the markets, as the talks between Athens & its creditors failed over the weekend. The chances of Greece defaulting on its debt looks like a possibility, he added.
The all important FOMC meeting starts tonight and the market will be keenly awaiting the outcome, he said. According to him, the Rupee continues to trade in 63.80-64.30/USD range.
Raina expects the rupee to trade weak with global uncertainty and underlying bullish Dollar sentiment."
"The 10-year bond yields are expected to trade in 7.80-7.90 percent range, tracking global developments and the currency movement," he said.
Source : moneycontrol.com
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