| Date: |
29-12-2014 |
| Subject: |
Indian rupee opens lower at 63.66 per dollar |
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The Indian rupee declined in the early trade on Monday. It opened lower by 10 paise at 63.66 per dollar versus 63.56 Friday.
The dollar began the final week of 2014 on firm footing, as the euro flirted with two-year lows while investors awaited a key vote in Greece later in the session. Activity is likely to be thin this week ahead of the New Year's holiday and many investors have already closed out their positions.
Pramit Brahmbhatt of Veracity said, "Lack of cues will lead to currency markets taking cues from equity markets for their movement. Local equity markets are likely to trade sideways today and will take cues from global markets for further directions.”
“Strength in dollar will keep rupee mildly under pressure. Range for the day is seen between 63.20-64/dollar," he added.
Source : moneycontrol.com
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