| Date: |
12-12-2013 |
| Subject: |
Rupee opens lower at 61.61 per dollar ahead of IIP data |
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Mumbai: The Indian rupee on Thursday opened lower against dollar tracking weakness in Asian currencies and ahead of the key Index of Industrial production (IIP) data to be released on Thursday.
Asian currencies were trading lower against the dollar in early trade. The rupee opened at 61.61 per dollar against its Wednesday’s close of 61.2525.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 79.888, down 0.01% from its previous close of 79.894.
The yield on India’s 10-year benchmark bond was trading at 8.837%, compared with its Wednesday’s close of 8.827%.
At 9.02am, the Indian currency was trading at 61.5950 per dollar, down 0.56%. India’s equity benchmark BSE Sensex was trading at 21,101.05 points, down 0.33%.
The government will issue IIP and consumer price index (CPI) data at 5.30pm on Thursday.
A Bloomberg poll showed that IIP will decline 1.2% in October as against growth of 2% in September, while CPI-based inflation will be 10% for November as against 10.09% in October.
Source : livemint.com
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