| Date: |
27-07-2015 |
| Subject: |
Rupee opens lower at 64.07 per dollar |
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The Indian rupee opened with marginal loss of 3 paise at 64.07 per dollar against previous close of 64.04.
On Friday, rupee ended at lowest closing level since June 17.
Agam Gupta of Standarad Chartered said," Expect the USD-INR to open around 64.10/dollar. Dollar buyers should emerge on dips towards 63.80-63.85/dollar. Exporters are seen to have decent selling interest in any run-up towards 64.20-64.25 levels."
He further added, "Forex market participants will keep a close eye on the equity market and the ongoing Parliament session."
The dollar was subdued against the euro and yen after a drop in US market and bond yields dimmed its allure, with markets focused on whether the upcoming Federal Reserve policy meeting can lift the greenback.
Source : moneycontrol.com
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