| Date: |
07-01-2015 |
| Subject: |
Indian rupee opens higher at 63.51 per dollar |
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The Indian rupee opened marginally higher at 63.51 per dollar on Wednesday against previous close of 63.57.
The euro slips to a nine-year low against the dollar early as investors brace for Eurozone inflation data. The data due later in the day is expected to show consumer prices in the euro zone fell in December year on year, the first such drop since 2009.
Himanshu Arora of Religare Commodities said, "USD-INT pair is expected to trade higher today amid consistent strength in dollar against basket of currencies along with unrelenting slide in oil prices and ongoing political uncertainty in Greece."
"UK Services PMI witnessed its largest plunge in more than three years in December. This may also contribute towards weakness in rupee against the dollar. USDINR may remain in 63.40-63.76 range," he added.
Source : moneycontrol.com
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