| Date: |
16-10-2014 |
| Subject: |
Indian rupee opens lower at 61.48 per dollar |
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The Indian rupee opened marginally lower on Thursday at 61.48 per dollar compared to 61.41 a dollar in previous session.
Dollar hits a three-week low against the euro and a more than one-month low against the yen post weak US economic data that heightened concerns that the federal reserve would delay its first rate hike.
Mohan Shenoi of Kotak Mahindra Bank said, "Dollar weakness against global majors may not impact rupee significantly due to reduced custodial flows. The rupee is expected to trade today in a range of Rs 61.10-61.50/dollar."
Source : moneycontrol.com
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