| Subject: |
Indian rupee opens marginally higher at 63.27 per dollar |
|
The Indian rupee has opened with marginal gains of 5 paise at 63.27 per dollar on Friday against previous day's close of 63.32.
The dollar fell against most other major currencies, while the euro rose on waning fears of a Greek default.
Pramit Brahmbhatt of Veracity said, "Local equity market is expected to take cues from global markets for further directions. Strength in dollar will keep rupee under pressure. Asian market has started the day on a mixed note which may force local equity to open weak. Range for the rupee is seen between 62.80-63.80/dollar today."
The rupee on Thursday plummeted to an over three-month low of 63.32 by losing 50 paise against the US dollar on renewed demand for the American currency from banks and importers amid foreign capital outflows in the equity market.
Source : moneycontrol.com
|