| Date: |
11-09-2013 |
| Subject: |
Indian rupee opens flat at 63.84 per dollar |
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Indian rupee was unchanged at 63.84 per dollar in early trade Wednesday as against previous day's close of 63.85.
The currency had gained 380 paise in previous four consecutive sessions.
Pramit Brahmbhatt, CEO of Alpari India feels that with the fears of Syrian crisis having been deferred for sometime and stabilising crude prices easing India's import payments, rupee will trade positively today.
"Technically there is an upside as long as 62/USD holds as a support level. If the rupee breaches 62/USD levels, we will watch out for next levels of 59.50/USD," he adds.
According to him, the range for the day is seen between 63.37-65.17/USD.
The euro trades above 1.32/USD. The yen has weakened to a near seven-week low of 100/USD and the dollar index trades flat at 81.80.
Source : moneycontrol.com
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