Moneycontrol
Feb 21, 2013 09:07 AM IST | Source: Moneycontrol.com

Rupee opens weak at 54.37 per dollar

The Indian rupee opened weak at 54.37 per dollar on Thursday against the yesterday's close of 54.07. However, the euro slipped to 1.32 levels against the dollar as the greenback saw its biggest one-day gain in seven months. The dollar index was above 81.

Rupee opens weak at 54.37 per dollar

The Indian rupee opened weak at 54.37 per dollar on Thursday against the yesterday's close of 54.07.


However, the euro slipped to 1.32 levels against the dollar as the greenback saw its biggest one-day gain in seven months. The dollar index was above 81.

Mohan Shenoi, Kotak Mahindra Bank said, "FOMC minutes released yesterday spoke of trimming debt purchases, which led to a sell-off in crude and gold and consequently the dollar strengthened. Lower gold price is likely to increase domestic demand, which could result in rupee weakness. The range for the day is seen between 54.10-54.50/USD."

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