| Date: |
30-06-2015 |
| Subject: |
Indian rupee opens higher at 63.76 per dollar |
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The Indian rupee opened higher by 8 paise at 63.76 per dollar on Tuesday against previous closing of 63.84.
Ashutosh Raina of HDFC Bank said, "Greece continues to grab the headlines and the global risk off sentiment has resulted in a flight to safety with US treasuries and bunds rallying hard and global equity markets tumbling."
"The Indian markets have been fairly resilient and have behaved in an orderly manner in the face of the global turmoil. We expect the USD-INR pair to trade in the 63.50-64 range with support expected at higher levels," he added.
The dollar slipped, while the euro climbs back above 1.12 to the dollar. The euro had slipped to a one-month low yesterday.
According to ICICIdirect, expect the US dollar to garner buying support on declines against the rupee. Utilise declines in the USD/INR July contract to buy.
Source : moneycontrol.com
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