| Date: |
27-11-2013 |
| Subject: |
Indian rupee rises to 62.45 per dollar in early trade |
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Indian rupee kicked-off trade at 62.45 per dollar on Wednesday, up 5 paise compared to previous close of 62.50 per dollar.
Pramit Brahmbhatt of Alpari India feels the rupee will be rangebound today with a slight negative bias owing to a weak equity market and strong month-end dollar demand by oil marketing companies and other importers.
However a strong euro and a weak dollar coupled with RBI's intervention in the market might aid rupee, he adds.
According to Brahmbhatt, the range for the day is seen between 62.1-63.10/USD.
Source : moneycontrol.com
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