| Date: |
09-03-2015 |
| Subject: |
Indian rupee opens at 62.61 per dollar; slips 45 paise |
|
The Indian rupee slipped in the early trade on Monday. It has opened lower by 45 paise at 62.61 per dollar against Thursday's closing value of 62.16 a dollar.
The dollar rises to a fresh 11-year high against a basket of major currencies on expectations that the Federal Reserve might lift interest rates sooner rather than later.
Pramit Brahmbhatt of Veracity said, "Asian markets have already opened on a strong note taking cues from a better than expected US jobs data. We expect the rupee to appreciate today backed by the strong equities but strength in dollar may put some pressure. We see the range for the rupee between 61.80-62.50/dollar."
Source : moneycontrol.com
|