Indian rupee opens at 60.39 per dollar; slips 21 paise.

​The Indian rupee declined in the opening trade on Friday. It has opened lower by 21 paise at 60.39 per dollar versus 60.18 Thursday.

Yen trades at a five-month high against the euro and rallies against the dollar, as news of a Malaysian airliner being downed over Ukraine and escalating conflict in Gaza boosted the safe-haven currency.

Pramit Brahmbhatt of Veracity said, "The rupee continues to trade in a tight range. Today also, rupee is expected to depreciate as geopolitical tension has taken the front seat which will force local equities to trade low as asian markets have already opened in red which will further harm the rupee and keep it under pressure. Range for the rupee is seen between 59.70-60.70/dollar."

Source : moneycontrol.com