Feb 26, 2013, 09.04 AM IST | Source: Moneycontrol.com

Rupee opens lower at 54.06 per dollar

The Indian rupee opened lower at 54.06 per dollar versus 53.87 yesterday's closing.

Jayesh Mehta

MD & Country Treasurer, Bank of America

Expertise : Currencies

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The Indian rupee opened lower at 54.06 per dollar versus 53.87 yesterday's closing.

The euro slipped to a 6-week low versus the dollar, below 1.31. The dollar index inches close to the 82 mark.

Jayesh Mehta, BofA ML said, "The rupee is likely to be rangebound. The continued USD demand, Asian currency weakness against the USD and the current account deficit will weigh on sentiment. The range for the day is seen between 53.75-54.10/USD."

READ MORE ON  rupee, dollar, euro , Jayesh Mehta, BofA ML

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