| Date: |
03-06-2015 |
| Subject: |
Indian rupee opens higher at 63.78 per dollar |
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The Indian rupee opened with marginal gains at 63.78 per dollar on Wednesday versus 63.82 Tuesday.
NS Venkatesh of IDBI Bank said, "Overnight we have seen a rally in the euro and the yen against the dollar. However, our own markets will continue to take cues from the domestic macros. As trade flows get skewed more towards imports than exports - this cut put pressure on the rupee.”
“Along with this, currency markets will keenly watch for cues from the equity markets. Expect USD - INR to trade between a narrow range of Rs 63.65 -63.95/dollar,” he said.
Euro trades flat against the dollar after some strong gains in the previous session. The dollar index is around the 96 levels.
Source : moneycontrol.com
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