Indian rupee opens flat at 61.73 per dollar
Pramit Brahmbhatt, CEO of Alpari India feels the rupee will be under some more pressure today owing to choppy equities. "With US budget uncertainties continuing and no major domestic results due till end of the week, rupee will track international developments for further cues," he adds.
October 08, 2013 / 09:10 IST
Indian rupee has opened at 61.73 per dollar on Tuesday as against previous day's closing value of 61.79 to the dollar.
Pramit Brahmbhatt, CEO of Alpari India feels the rupee will be under some more pressure today owing to choppy equities. "With US budget uncertainties continuing and no major domestic results due till end of the week, rupee will track international developments for further cues," he adds.Also Read - RBI eases liquidity, cuts MSF rate by 50 bps to 9%According to him, the range for the day is seen between 61.30-62.20/USD.The dollar edged lower sub 80 levels & near an eight-month low as a US budget deadlock showed no sign of breaking. Investors are seen flocking to perceived safe havens like the yen and the Swiss Franc.The yen has strengthened this morning to 96.7/dollar levels, driving the dollar to it weakest since mid-august against the Japanese currency. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
