| Date: |
31-07-2015 |
| Subject: |
Rupee opens lower at 64.10 per dollar |
|
The Indian rupee slipped in the early trade on Friday. It has opened lower by 6 paise at 64.10 per dollar against previous close of 64.04.
Pramit Brahmbhatt of Veracity said, "Local equity market is likely to trade sideways today and will take cues from global markets for further directions. Strength in dollar will keep rupee under pressure."
"Today being the last trading day of the week, investors are expected to trade cautiously and square off their position ahead of the weekend. Range for the day is seen between 63.70-64.40/dollar," he added.
Dollar gained as news of faster US economic expansion in the second quarter supported the notion that the Federal Reserve would raise interest rates, perhaps as early as September.
Source : moneycontrol.com
|