| Date: |
27-12-2013 |
| Subject: |
Indian rupee opens higher at 61.96 per dollar; up 19 paise |
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The Indian rupee gained in the early trade. It opened higher by 19 paise at 61.96 per dollar versus 62.15 Thursday.
The yen wallowed at five-year troughs against the dollar and euro this morning having fallen prey to a renewed appetite for risk. The dollar index is a tad subdued below 80.5 levels and the euro dollar has risen to 1.37.
Pramit Brahmbhatt, Alpari India said, "Rupee is going to be range bound today with a slight negative bias owing to a choppy equity market and strong dollar on hopes of better economic data in the international market."
"However dollar selling by exporters and FII inflow will provide some positive push. The range for the day seen between 61.40-62.20/USD," he added.
Source : moneycontrol.com
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