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    HomeNewsBusinessMarketsRupee opens weak at 54.84/dollar

    Rupee opens weak at 54.84/dollar

    The Indian rupee opened weak at 54.84 per dollar against the yesterday's close 54.72.

    March 07, 2013 / 09:04 IST

    The Indian rupee opened weak at 54.84 per dollar against the yesterday's close 54.72.

    The euro slipped further to sub 1.30 ahead of the ECB meeting outcome. The dollar index was way above the 82 mark. The yen too was under pressure ahead of the Bank of Japan's policy meet.

    Mohan Shenoi, Kotak Mahindra Bank said, "Worries over early withdrawal of QE (Quantitative Easing) and better than expected US ADP jobs data has led to the strengthening in dollar. The rupee is likely to open weak and trade in a 54.70-55.10/USD range."

    first published: Mar 7, 2013 09:04 am

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