| Date: |
22-01-2015 |
| Subject: |
Indian rupee opens marginally higher at 61.60/USD |
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The Indian rupee opened with marginal gains of 4 paise at 61.60 per dollar on Thursday versus 61.64 Wednesday.
The Canadian dollar languished at its lowest in nearly six years early on Thursday, having suffered a massive drop after the Bank Of Canada stunned markets by cutting interest rates. The euro is firm around 1.15 ahead of the ECB action.
Mohan Shenoi of Kotak Mahindra Bank said, "Global markets are expecting European Central Bank (ECB) to announce sovereign bond buying QE programme in today's meeting. This expectation is triggering a risk-on sentiment which should benefit emerging markets particularly India. USD-INR is expected to trade in a range of 61.40-61.75/dollar today."
Source : moneycontrol.com
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