| Date: |
12-10-2015 |
| Subject: |
Rupee opens at 64.82 per dollar; down 8 paise |
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The Indian rupee has opened lower by 8 paise at 64.82 per dollar on Monday against Friday's close of 64.74.
Agam Gupta of Standard Chartered said, "There will be some inflows during the course of the day as the limit increase for FII investors into central government and state government bonds is effective from today. We expect a range of 64.60-64.95/dollar for the day."
"Dips will see local government banks come in and buy USD. FII inflows and exporter hedging will be a source of fresh dollar supply on any upticks," he added.
The dollar was at multi-week lows against the euro on expectations for a later interest rate hike. The dollar index is below the 95 mark.
Source : moneycontrol.com
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