| Date: |
16-09-2014 |
| Subject: |
Indian rupee opens higher at 61.03 per dollar |
|
The Indian rupee gains marginally in the early trade on Tuesday. It has opened at 61.03 per dollar versus previous day's closing of 61.13 a dollar.
The US dollar holds steady with investors reluctant to do much as they wait for fresh guidance on interest rates from the Fed, while the Australian dollar rebounded from a six-month trough. The dollar index is little changed at 84 mark.
Ashutosh Raina of HDFC Bank said, "Markets await the outcome of the crucial 2-day FOMC meet and the Scottish referendum.”
“We had poor IIP and CPI data but a better than expected WPI also failed to cheer the markets. Expect the rupee to trade in a narrow range of 60.80-61.50/dollar till the outcome of the FOMC meeting,” he added.
Source : moneycontrol.com
|