The Indian rupee opened lower by 10 paise on Friday at 61.15 per dollar versus 61.05 Thursday. Pramit Brahmbhatt of Veracity said, "Today investors are likely to trade cautiously ahead of vital macro data. Rupee is expected to trade rangebound to slightly weak taking cues from strong dollar. See rupee ranged between 60.60-61.40/dollar." Euro on the back foot having come under renewed pressure overnight after weak German data raised fears of a recession in Europe's largest economy. Dollar index is around the 85 mark.
Friday, 10 October 2014
Indian rupee opens lower at 61.15 per dollar
The Indian rupee opened lower by 10 paise on Friday at 61.15 per dollar versus 61.05 Thursday. Pramit Brahmbhatt of Veracity said, "Today investors are likely to trade cautiously ahead of vital macro data. Rupee is expected to trade rangebound to slightly weak taking cues from strong dollar. See rupee ranged between 60.60-61.40/dollar." Euro on the back foot having come under renewed pressure overnight after weak German data raised fears of a recession in Europe's largest economy. Dollar index is around the 85 mark.
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