| Date: |
07-07-2014 |
| Subject: |
Indian rupee opens lower at 59.81 per dollar |
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The Indian rupee opened lower at 59.81 per dollar against 59.73 per dollar on Friday.
The dollar clung on to most of last week's payrolls-inspired gains early. The dollar index was steady at 80.30 marks.
Agam Gupta of Standard Chartered said that, “Expect RBI to buy dollars on any dips while exporters and FIIs to sell dollars between 59.90-59.95/dollar ahead of budget this week.”
“Expect rupee to remain in range of 59.50-59.90/dollar,” he added.
Source : moneycontrol.com
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