| Date: |
04-06-2014 |
| Subject: |
Indian rupee opens at 59.42 per dollar |
|
The Indian rupee slipped marginally in the early trade on Wednesday. It opened lower by 4 paise at 59.42 per dollar as against previous day's closing value of 59.38 a dollar.
NS Venkatesh of IDBI Bank expect rupee to trade between a narrow range of 59.3-59.5/dollar.
He also expects the yield on the 10-year bonds to range between 8.5-8.55 percent.
The euro clings to modest gains having been squeezed higher in what some traders described as a 'buy-the-rumor-sell-the-fact' move in the wake of subdued euro zone inflation data.
Source : moneycontrol.com
|