Any upside movement in the dollar will keep rupee under pressure, says Pramit Brahmbhatt of Veracity.

Like this story, share it with millions of investors on M3Indian rupee opens flat at 62.31 per dollarAny upside movement in the dollar will keep rupee under pressure, says Pramit Brahmbhatt of Veracity.Post your opinion here   
          
The Indian rupee has opened flat at 62.31 per dollar on Friday against previous day's closing value of 62.30 a dollar. Dollar tumbled after comments from Federal Reserve officials and weak US data pushed out expectations for the first fed rate hike.

Pramit Brahmbhatt of Veracity said, "Any upside movement in the dollar will keep rupee under pressure. Concerns raised over global slowdown may force local equities to open weak as Asian markets have already opened on a weak note. Rupee range for the day is seen between 61.80-62.80/dollar."

Source:moneycontrol.com