Rupee opens at 63.1 vs US dollar, up 20 paise.

Mumbai: The Indian rupee on Thusrday opened at 63.10 against US dollar, up 20 paise. It has closed on Wednesday at 63.30 versus US dollar.

Continuing its slide for the sixth straight day, the rupee on Wednesday lost 17 paise to trade at a fresh two-month low of 63.88 in early trade on strong dollar demand from importers amid weak local equities.

Forex dealers said besides sustained demand for the US currency from importers and a lower opening in the domestic equity market also put pressure on the rupee but dollar's weakness against euro in the global markets capped the fall.

Source : ibnlive.in.com​