| Date: |
30-05-2014 |
| Subject: |
Indian rupee opens flat at 59.01 per dollar |
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Indian rupee has opened flat at 59.01 per dollar on Friday as against previous day's closing value of 59.03 a dollar.
Pramit Brahmbhatt, Alpari Financial Services says sentiment in the markets has changed as most investors think the equity markets have reached their peak and further upside is limited.
He expects the rupee to extend yesterday's weakness as dollar demand from oil importers will dent the rupee movement. "The range of rupee for the day seen at 58.50-59.50/USD," he adds.
Source : moneycontrol.com
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