| Date: |
23-01-2014 |
| Subject: |
Indian rupee opens at 61.94 per dollar, slips 13 paise |
|
Indian rupee declined in the opening trade on Thursday. It fell 13 paise to 61.94 against US dollar versus previous day's closing value of 61.81 per dollar.
Himanshu Arora of Religare expects the dollar-rupee to trade lower in today's session amid RBI's statement to bring down India's consumer price index (CPI) to around 4 percent and making CPI, the benchmark.”
“Strong equities may underpin rupee in short-term. Dollar selling by some state-run banks could support rupee. Range for the day is seen between 61.50-62.03/dollar," he adds.
The US dollar, has firmed slightly against a basket of major currencies to be near a two-month peak set on Tuesday.
The euro eased to USD 1.3547, not far from a two-month trough of USD 1.3508 plumbed on Monday. And the yen has weakened against the dollar.
Source : moneycontrol.com
|