| Date: |
17-11-2014 |
| Subject: |
Indian rupee opens at 61.62 per dollar; up 10 paise |
|
The Indian rupee opened higher by 10 paise at 61.62 per dollar on Monday against 61.72 Friday.
The dollar gained, helped by strong US retail sales data. The dollar index added to gains after a US retail sales report bolstered views of a strengthening US economy.
Agam Gupta of Standard Chartered said, "We expect strong demand from nationalised banks to come in on any dips towards Rs 61.50/dollar while exporters should start selling on upticks towards Rs 61.80/dollar levels. We expect the USD-INR to trade in a range of Rs 61.50-61.85/dollar."
Source : moneycontrol.com
|