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Indian rupee opens higher at 61.93 per dollar |
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The Indian rupee opened marginally higher at 61.93 per dollar on Thursday against previous day's closing value of 61.97 a dollar.
The dollar nurses modest losses, having eased for a second straight session after recent remarks from the head of the Federal Reserve prompted markets to push back the timing of an eventual US interest rate hike.
Mohan Shenoi of Kotak Mahindra Bank said, "A strong reform-friendly budget could strengthen rupee in the medium term. Gains however will be tempered by strong dollar globally and RBI intervention to prevent currency volatility. We expect the USD-INR pair to trade today in a range of 61.80-62.10/dollar."
Source : moneycontrol.com
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