Indian rupee opens higher at 63.14 per dollar

RBI Governor's recent comments on CAD and its intervention in the market to aid rupee might help strengthen the currency, says Pramit Brahmbhatt, CEO at Alpari India.

November 14, 2013 / 09:13 IST

Indian rupee gained 16 paise in early trade on Thursday at 63.14 per dollar as against previous day's closing of 63.30 per dollar.

The US dollar edged lower against other global currencies.

Pramit Brahmbhatt, CEO, Alpari India said, "RBI Governor's recent comments on CAD and its intervention in the market to aid rupee might help strengthen the currency. However, a weak equity, strong dollar in the international market and high dollar demand by OMCs, FII and other importers will keep the rupee under pressure. The range for the day seen between 63-64/USD."

Also Read - FY14 current account gap seen at USD 56 bn, rupee safe: RBI

first published: Nov 14, 2013 09:12 am

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