| Date: |
23-03-2015 |
| Subject: |
Indian rupee opens with marginal gains at 62.40 per dollar |
|
The Indian rupee opened with marginal gains at 62.40 per dollar on Monday versus Friday's closing value of 62.46 a dollar.
The dollar slips across the board pulled lower by expectations US interest rates will rise more slowly than previously expected.
Agam Gupta of Standard Chartered said, "Any upticks to 62.55/dollar should see dollar supply from exporters and other accounts."
"Expect local government banks to have dollar buying interest on dips to 62.25/dollar. Since we are in the last few days of the financial year, we could continue to see the supply demand dynamics to be tilted in favour of dollar supply."
Source : moneycontrol.com
|