| Date: |
26-10-2015 |
| Subject: |
Rupee opens at 65 per dollar; down 17 paise |
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The Indian rupee opened lower by 17 paise at 65 per dollar on Monday against previous close of 64.83.
Agam Gupta of Standard Chartered said, "The 'risk on' sentiment from equities will translate into some USD supply from FPIs. Exporters will also be looking to hedge their forward receivables on upticks."
He further added, "We expect oil companies and local government banks to be buyers of USD on any downticks. We expect a range of 64.85-65.15/dollar for the day."
Euro slipped, hitting a low against the dollar not seen since early august after ECB Chief Mario Draghi signalled further monetary easing could be on deck for the euro zone.
Source : moneycontrol.com
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