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Rupee opens at 65.39 per dollar; down 12 paise |
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The Indian rupee slipped in the early trade on Monday. It has opened lower by 12 paise at 65.39 per dollar versus 65.27 Friday.
Agam Gupta of Standard Chartered said, "USD-INR pair should trade in a range of 65.15-65.45/dollar today. There will probably be good interest from local government banks to buy dollar on dips to the lower end of the range."
"Exporters will use up move in the dollar as an opportunity to sell dollar and to hedge their future dollar receivables," he added.
Dollar steady ahead of all-important non-farm payrolls due on Friday, and how that could affect the Federal Reserve's stance on interest rates.
Source : moneycontrol.com
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