| Date: |
22-07-2015 |
| Subject: |
Rupee opens lower at 63.58 per dollar |
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The Indian rupee opened with a marginal loss of 7 paise at 63.58 per dollar on Wednesday against previous close of 63.51.
Himanshu Arora of Religare said, "The USD-INR pair is expected to trade in a rangebound fashion today with bearish bias amid weakness in dollar. Fresh selling of dollars by banks and exporters is expected to support the rupee today."
"The range for the USD-INR is seen between 63.35-63.70/dollar today," he added.
The euro rebounded from three-month lows against the dollar as an easing of pessimism about Greece.
The yen rose versus the greenback on upbeat remarks on inflation from the Bank of Japan Chief.
Source : moneycontrol.com
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