Date: |
01-10-2014
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Subject: |
Indian rupee opens lower at 61.60 per dollar
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The Indian rupee opened marginally lower at 61.60 per dollar on Tuesday as against previous day's closing of 61.53 a dollar.Also Read - Edelweiss expects RBI to keep policy rates unchanged
The dollar was hovering at a four-year peak against a basket of major currencies on track to post its biggest monthly gain in well over a year.
Ashutosh Raina of HDFC Bank said, "The focus will be on RBI credit policy today. Globally, the dollar strength continues to be the theme with dollar index settling above the 85 level. Expect the USD/INR pair to trade in 60-61 range as of now, although it will perform better than its peers.
Source:- moneycontrol.com