| Date: |
08-08-2014 |
| Subject: |
Indian rupee opens at 61.60 per dollar; slips 38 paise |
|
The Indian rupee declined in the early trade on Friday. It has opened lower by 38 paise at 61.60 per dollar versus 61.22 Thursday.
The euro was on the backfoot after European Central Bank President Mario Draghi struck a cautious note on the euro zone economy, while lower debt yields pressured the dollar against the yen.
Pramit Brahmbhatt of Veracity said, "Local equities are likely to open low as Asian markets have already shown signs of weakness taking cues from the growing tensions in Ukraine. Investors overlooked the signs of recovery in US economy and reacted to the geopolitical tension."
"Expect rupee to trade range-bound to slightly weak and will look forward to the local equities for further cues. Range for the day seen at 60.80-61.80/dollar," he added.
Source : moneycontrol.com
|