| Date: |
29-10-2014 |
| Subject: |
Indian rupee opens higher at 61.25 per dollar |
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The Indian rupee opened marginally higher at 61.25 per dollar against 61.32 Tuesday.
Dollar was subdued as investors waited for the latest guidance from the Federal Reserve, while a surprisingly dovish message from Sweden's Central Bank saw the currency slump to four-year lows.
Himanshu Arora of Religare said, "USD-INR pair is expected to trade slightly higher today amid month-end dollar purchases by oil importers and caution that may persist in the market owing to ongoing US Fed meeting. Expect the trend for the USD-INR to be up and ranged between Rs 61.05-61.70/dollar."
Source : moneycontrol.com
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