| Date: |
29-01-2015 |
| Subject: |
Indian rupee slips in early trade, opens at 61.43/dollar |
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The Indian rupee has opened at 61.43 a dollar on Thursday, down 2 paise compared to previous day's closing value of 61.41 a dollar.
Mohan Shenoi, Kotak Mahindra Bank says FOMC meeting held yesterday did not significantly alter the current market expectations of a Fed rate hike in second half of Calendar 2015.
According to him, the USD-INR is expected to trade today in a range of Rs 61.20-61.50/USD.
Meanwhile, disinvestments and 3G auction announced by government have improved perceptions regarding fiscal deficit. "We expect the 10-year benchmark to trade today in a range of 7.67-7.70 percent," he adds.
Source : moneycontrol.com
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