| Date: |
04-09-2013 |
| Subject: |
Rupee opens lower at 68.11 per dollar on crude price concerns |
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Mumbai: The Indian rupee on Wednesday opened weaker on concerns that crude oil prices may rise further after the US senate overnight gave the go ahead for a ‘limited’ strike in Syria.
The rupee opened at 68.11 per dollar against its Tuesday’s close of 67.73.
At 9.12am, Brent crude was trading at 115.75 per dollar, up 0.06% from its previous close.
Overnight on Tuesday, the US Senate approved use of force in a “limited and tailored manner against legitimate military targets” during a 60-day period following enactment, with a possible 30-day extension at US President Barack Obama’s request.
At 9.12am, the Indian currency was trading at 68.62 per dollar, down 1.22%, while India’s BSE benchmark Sensex was trading at 18,314.68 points, up 0.44%.
The rupee had hit its lifetime low of 68.85 per dollar on 28 August.
Source : livemint.com
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