| Date: |
09-10-2015 |
| Subject: |
Rupee opens higher at 64.90 per dollar; gains 15 paise |
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The Indian rupee gained past 65 a dollar in early trade on Friday. It has opened higher by 15 paise at 64.90 per dollar versus 65.05 Thursday.
Pramit Brahmbhatt of Veracity said, "The rupee is likely to open near yesterday's close as reduction in FII inflows coupled with profit booking in local equities may pressurise the rupee to depreciate. We see the range for today between 64.70-65.50/dollar."
US dollar fell after the release of the Fed minutes, while the euro gains. The minutes from the September meeting revealed that the FOMC did not raise rates in part because of global growth concerns.
Source : moneycontrol.com
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