| Date: |
02-01-2015 |
| Subject: |
Indian rupee opens lower at 63.43 per dollar |
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The Indian rupee opened lower by 8 paise at 63.43 per dollar versus 63.35 Thursday.
Pramit Brahmbhatt of Veracity said, "Rupee is expected to depreciate as dollar demand from banks and oil importers would further hurt the rupee. Investors will trade cautiously ahead of US data due for the day. Rupee is expected to trade in a range of 63-63.70/dollar today."
According to Karvy currency report, Indian rupee finished on a negative note as Dollar Index remained euphoric in the international market. INR depreciated by 0.4 percent during the lackluster trading volumes, as most of the markets remained closed yesterday. We are expecting a low trading volume day with a bias for the Indian rupee to appreciate marginally.
Source : moneycontrol.com
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