| Date: |
10-01-2014 |
| Subject: |
Indian rupee opens higher at 61.99 per dollar |
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The Indian rupee opened marginally higher at 61.99 per dollar versus 62.07 Thursday.
The US dollar eases from a seven-week high in early trade as investors book profits ahead of the keenly awaited US jobs report, helping lift the euro that was briefly unsettled by dovish comments from the European Central Bank.
Pramit Brahmbhatt of Alpari India said that, "Rupee will be rangebound before the market gets some fresh triggers from the IIP & inflation data. However, there will be sustained pressure owing to a weak equities and a strong dollar in international markets."
"But banks selling dollar at current levels will help rupee gain some strength. Range for the day is seen between 61.70-62.40/ dollar," he added.
Source : moneycontrol.com
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