| Date: |
02-02-2015 |
| Subject: |
Indian rupee opens at 61.99 per dollar; down 13 paise |
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The Indian rupee opened lower by 13 paise at 61.99 per dollar on Monday versus Friday's closing value of 61.86 a dollar.
Dollar steady against a basket of major currencies. The dollar index is above 94. Meanwhile, US treasury prices jumped on Friday with long term yield hitting record lows after poor GDP data.
Agam Gupta of Standard Chartered said, "We should see supply of dollars from FIIs today as the Coal India OFS got approximately USD 1 billion of bids from these accounts. Should see exporters sell dollars on upticks towards 62.20. The spot should range between 61.85-62.25/dollar today."
Source : moneycontrol.com
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