| Date: |
28-01-2015 |
| Subject: |
Indian rupee slips 11 paise at 61.50/dollar in early trade |
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The Indian rupee fell marginally in early trade Wednesday. The currency has opened at 61.50 a dollar, down 11 paise compared to previous day's closing value of 61.39 a dollar.
Himanshu Arora, Religare said, "USD-INR pair is expected to trade slightly higher today amid uncertainty as the US Fed meeting is going on and the statements out of the meeting are widely expected to provide cues to the market."
"Moreover, month-end dollar demand by oil marketing companies is also expected to underpin dollar today. Expect the range for the USD-INR to be between Rs 61.25-61.68/USD," he added.
Source : moneycontrol.com
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