| Date: |
24-11-2014 |
| Subject: |
Indian rupee opens higher at 61.69 per dollar |
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The Indian rupee opened higher by 7 paise at 61.69 per dollar on Monday versus 61.76 Friday.
The euro near a two-year trough against the dollar and was broadly weaker on prospects of more easing from the European Central Bank.
Agam Gupta of Standard Chartered Bank said, "We expect the rupee to trade in a range of 61.65-61.95/dollar. Nationalised Bank demand should come in at 61.65-61.70/dollar and any upticks to 61.90/dollar will be used by exporters to sell. FII and FDI flows continue to come into the country and hence there could be some inflows from there too."
Source : moneycontrol.com
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