| Date: |
12-02-2015 |
| Subject: |
Indian rupee opens lower at 62.39 per dollar |
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The Indian rupee slipped in the early trade on Thursday. It has opened lower by 14 paise at 62.39 per dollar versus 62.25 Wednesday.
Euro declines led by a barrage of conflicting headlines that left investors no clearer on whether Greece may yet secure a new debt agreement with its European lenders.
Mohan Shenoi of Kotak Mahindra Bank said, "Strong US data suggests that the odds of a Fed rate hike in June is increasing. Consequently dollar is rallying against major currencies."
"Rupee is also headed towards gradual depreciation. USD-INR is likely to trade today in a range of 62.20-62.50/dollar," he added.
Source : moneycontrol.com
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