| Date: |
20-11-2014 |
| Subject: |
Indian rupee opens lower at 62.03 per dollar |
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The Indian rupee opened lower at 62.03 per dollar versus 61.96 Wednesday.
The rupee weakened past Rs 62 per dollar for first time since March 4, 2014.
The yen slid, striking seven-year lows against the dollar and a six-year trough versus the euro as speculators poured into carry trades funded by a tide of super-cheap liquidity from the Bank Of Japan.
Mohan Shenoi of Kotak Mahindra Bank said, "FOMC minutes were in-line with market expectations. Dollar strength against major global currencies is gradually reflecting on the rupee. The range for the day is likely to be 61.85-62.20/dollar."
Source : moneycontrol.com
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