| Date: |
06-01-2015 |
| Subject: |
Indian rupee opens flat at 63.37 per dollar |
|
The Indian rupee opened higher at 63.37 per dollar on Tuesday against 63.41 a dollar on Monday.
Ashutosh Raina of HDFC Bank said, "The risk-off sentiment appears to have engulfed the global markets with oil prices hitting 5-year lows and political uncertainty in Greece forcing investors to move to safe havens.”
“The dollar strength continues with dollar index hitting 91.5 levels and gaining against most currencies. The USD-INR pair has been relatively rangebound in the 63-63.50/dollar range. The rupee is likely to be in the 63-64/dollar range with suspected intervention expected to continue," he said.
The euro hovers near a nine-year trough as the prospect of more policy easing from the European Central Bank grew ever stronger. Constant chatter of a Greek exit from the euro zone further sapped confidence in the currency.
Source : moneycontrol.com
|