| Date: |
19-01-2015 |
| Subject: |
Indian rupee opens at 61.64 per dollar; gains 23 paise |
|
The Indian rupee continued its upward momentum on Monday as it opened higher by 23 paise at 61.64 per dollar versus 61.87 Friday.
Agam Gupta of Standard Chartered said, "The inflows into India remain strong. Government-owned banks will probably be aggressive buyers of dollar at 61.60- 61.65/dollar level while exporters will continue to sell into any upticks."
"Expect USD-INR to trade in range of 61.50- 61.90/dollar. In case the local government banks do not buy dollar in any significant amounts then we can test downside level of 61.50/dollar," he said.
The euro slips against the dollar as the European Central Bank gears up for fresh stimulus.
Source : moneycontrol.com
|