| Date: |
09-07-2014 |
| Subject: |
Indian rupee falls 9 paise to 59.87/dollar in early trade |
|
The Indian rupee opened lower on Wednesday, falling by 9 paise to 59.87 a dollar from previous day's closing value of 59.78 a dollar.
Pramit Brahmbhatt, Veracity said, "Post the fall in the equity market on Tuesday, investors are waiting cautiously for the declaration of Budget tomorrow." Though the rupee appreciated on Tuesday with the help of FIIs, currency markets will trade cautious today awaiting cues from the Budget.
According to him, the rupee is expected to trade in the range of 59.40-60.40/USD today.
Source : moneycontrol.com
|