| Date: |
04-08-2014 |
| Subject: |
Indian rupee opens at 60.90 per dollar; up 28 paise |
|
The Indian rupee gained in the early trade on Monday. It has opened higher 28 paise at 60.90 per dollar versus 61.18 Friday.
The dollar index has erased some of its gains but still trades near 10-month highs. The dollar index is near 81.31 levels gaining over 2 percent for the month. The euro was flat near 1.34.
Agam Gupta of Standard Chartered said, "Exporters will probably sell into any upticks towards 61-61.10/dollar and we will continue to see demand from FIIs as they hedge their open currency positions on dips towards 60.60-60.70/dollar."
"Range for the day is seen between 60.60-61.10/dollar," he added.
Source : moneycontrol.com
|