| Date: |
27-10-2014 |
| Subject: |
Indian rupee opens higher at 61.17 per dollar |
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The Indian rupee opened higher by 11 paise on Monday at 61.17 per dollar versus 61.28 Wednesday.
The euro held firm in early trade after the European Central Bank's stress tests found smaller capital shortfalls among European Banks than expected. Traders will be looking to Germany's IFO business sentiment index due later today.
Pramit Brahmbhatt of Veracity said, "After a long weekend, equity markets are likely to trade sideways and will take cues from global markets for further directions.”
“Rupee is expected to trade firm, although strength in dollar could cap upside moves in rupee altogether. Range for the USD-INR seen between Rs 60.80-61.80/dollar," he added.
Source : moneycontrol.com
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