| Date: |
20-06-2014 |
| Subject: |
Indian rupee opens at 60.21 per dollar, down 13 paise |
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The Indian rupee opened lower by 13 paise at 60.21 per dollar on Friday as against previous day's closing value of 60.08 a dollar.
The dollar stayed under pressure, but managed to reverse some of its losses after upbeat US data.
Himanshu Arora of Religare said, "USD-INR pair is expected to trade higher today amid surging Iraq crisis and Fed's decision to slash bond purchases by another USD 10 billion."
"Further profit booking in equities may also keep rupee under some pressure today. We expect rupee to trade in the range of 59.85-60.32/USD," he added.
Source : moneycontrol.com
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