| Date: |
11-03-2015 |
| Subject: |
Indian rupee opens lower at 62.83 per dollar |
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The Indian rupee opened marginally lower at 62.83 per dollar on Wednesday versus 62.76 Tuesday.
The US dollar advances more than 1 percent to 12-year highs as the euro fell below 1.07 for the first time in nearly 12 years on the beginning of quantitative easing in the euro zone.
Himanshu Arora of Religare said, "Rupee is expected to trade higher today following the strong current account deficit data. Weak trade deficit data and dollar strength against a basket of currencies is expected to keep a cap on rupee today. Expect the rupee to trade in the range of 62.52-62.95/dollar."
Source : moneycontrol.com
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