| Date: |
15-09-2014 |
| Subject: |
Indian rupee opens lower at 60.92 per dollar; down 27 paise |
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The Indian rupee slipped in early trade on Monday. It has opened lower by 27 paise at 60.92 per dollar against 60.65 Friday.
In the currency markets, the dollar is flat against the yen, near a six-year peak. The euro is also steady at 1.29 to the dollar.
Agam Gupta of Standard Chartered said, "The FOMC meet this week could take a hawkish tone and will continue to play on the market sentiment. The rupee is likely to trade in the range of 60.75-61.15/dollar for the day."
According to Emkay report, the SPOT USDINR prices are expected to have support at 60.85 and buying can be seen there. Prices on higher side can give fresh breakout above 61 and can move higher towards 61.20. Prices should not fall below 60.70 to maintain positive outlook for the day.
Source : moneycontrol.com
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