| Date: |
18-02-2015 |
| Subject: |
Indian rupee opens flat at 62.20 per dollar |
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The Indian rupee opened flat at 62.20 per dollar on Wednesday against 62.16 Monday.
The euro rebounds helped by a bounce in German investor sentiment and hopes that Greece will find a common ground with its euro zone partners for support beyond its current bailout programme.
Pramit Brahmbhatt of Veracity said, "Overnight US markets traded slightly strong and taking cues from this Asian markets which have also opened on a positive note. Though investors are expected to trade cautiously ahead of euro zone meeting."
He further added, "Reduction in FII inflows coupled with profit booking in local equities may pressurize rupee to depreciate. However, gains in Asian equities may support the local unit. Range for the day is seen between 61.70-62.70/dollar."
Source : moneycontrol.com
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