Indian rupee opens at 63.25 per dollar

Rupee will be rangebound today ahead of the FOMC minutes. The mood remains slightly bullish. We could see rupee move below 63/USD again. The range for the day is seen between 62.50-63.40/USD, says Arvind Narayanan, DBS.

September 18, 2013 / 10:10 IST

The Indian rupee opened with a marginal gain at 63.25 per dollar versus 63.37 yesterday.

Arvind Narayanan, DBS said, "Rupee will be rangebound today ahead of the FOMC minutes. The mood remains slightly bullish. We could see rupee move below 63/USD again. The range for the day is seen between 62.50-63.40/USD."

The dollar holds near a four-week trough against a basket of major currencies. The euro trades at USD 1.3357, near a 2-1/2 week peak and the yen hovers near 99/USD.

Also Read- RBI to leave key policy rates unchanged: CRISIL

first published: Sep 18, 2013 09:07 am

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