| Date: |
02-05-2014 |
| Subject: |
Indian rupee opens at 60.22 per dollar; rises 10 paise |
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The Indian rupee opened higher by 10 paise at 60.22 per dollar versus 60.32 Wednesday.
The dollar struggled to make any headway, still languishing near a three-week trough against a basket of major currencies as investors stayed on the sidelines ahead of a closely watched US employment report.
Pramit Brahmbhatt of Veracity India said that, "This week rupee appreciated backed by the corporate inflows. Today the currency is expected to depreciate on weak equities but the corporate inflows and exporters selling dollars may help rupee to trade firm. The range for the day is seen between 59.80 - 60.80/dollar."
Source : moneycontrol.com
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