| Date: |
24-12-2014 |
| Subject: |
Indian rupee opens at 63.43 per dollar; slips 15 paise |
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The Indian rupee slipped in the early trade on Wednesday. It has opened lower by 15 paise at 63.43 per dollar against 63.28 a dollar Tuesday.
The dollar hovered at its highest in nearly nine years against a basket of major currencies after stunningly strong US economic growth spurred markets to bring forward the timing of a likely hike in interest rates.
Himanshu Arora of Religare said, "The USD-INR is expected to trade higher today on the back of strength in dollar against a basket of currencies and strong year-end dollar demand from state run banks and importers.”
“Inconclusive Parliamentary session over GST and other major reforms is also expected to pressure rupee in the short term. Weakness in domestic equities may also underpin the dollar. The range for the USD-INR is seen between 63.12-63.55/dollar."
Source : moneycontrol.com
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