| Date: |
03-07-2015 |
| Subject: |
Indian rupee rises further, opens higher at 63.43/dollar |
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The Indian rupee extended its upmove in early trade Friday. The currency opened at 63.43 a dollar, up 8 paise compared to 63.51 per dollar in previous session. It gained 10 paise yesterday.
Pramit Brahmbhatt, Veracity said any upper movement in dollar will keep rupee under pressure. The concern raised over Greece debt issue will continue to hover the markets which may force local equities to open weak, he added.
According to him, the rupee will be ranged between 63.20-63.80/USD.
Dollar slipped marginally against a basket of major currencies after US jobs data came in below expectations, pushing out bets for a Federal Reserve rate hike to 2016, while caution ahead of this weekend's Greek referendum limited losses. The dollar index is above the 96 mark.
Source : moneycontrol.com
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