| Date: |
23-09-2014 |
| Subject: |
Indian rupee opens lower at 60.94 per dollar |
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Indian rupee has opened lower by 13 paise at 60.94 per dollar on Tuesday compared to previous day's closing value of 60.81 a dollar.
Ashutosh Raina, HDFC Bank feels the focus now shifts to growth concerns in China. "Markets will be keenly awaiting the HSBC Manufacturing PMI today. The dollar strength has been the theme recently, with dollar index just shy of the psychological number of 85," he adds.
According to him, locally, the story of FII flows and Central Bank intervention continues. He expects the USD/INR pair to trade in 60.50-61.50/USD range.
Source : moneycontrol.com
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