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Rupee likely to be weaker: Pinnacle Forex

Published on Wed, Apr 08, 2009 at 08:50 |  Source : CNBC-TV18

Updated at Wed, Apr 08, 2009 at 08:52  

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On Monday, the rupee ended higher at Rs 50.05 per USD as against its previous close of Rs 50.34 per USD.

According to N Subramaniam, Pinnacle Forex, the rupee is likely to be weaker on dollar's strength and weakness in global equities. The range for the day is seen between Rs 50.05-50.70 per dollar.

Also read: Rupee has resistance at 50.30/50.40: Commtrendz

  

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