| Date: |
19-09-2014 |
| Subject: |
Indian rupee opens higher at 60.77 per dollar |
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The Indian rupee opened marginally higher at 60.77 per dollar on Friday against yesterday's close of 60.83 a dollar.
Pramit Brahmbhatt of Veracity said, "Reduction in FIIs inflows coupled with profit booking in local equities may pressurise the currency.”
“However, gains in Asian equities and some exporters selling may limit further losses. Expect rupee to be ranged between 60.60-61.40/dollar," he added.
According to Emkay, SPOT USDINR prices could not sustain above 61.20 and again faced selling pressure. Today prices are expected to have resistance at 60.87-60.90 and prices can remain under pressure. Prices on lower side can slide to 60.65-60.70 level. Prices should not move above 61.00 to remain negative for the day.
Meanwhile, Sterling rose to a two-week high against the US dollar and two-year peak against the euro, taking comfort from a poll showing support for Scotland to remain in the United Kingdom.
Source : moneycontrol.com
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