Indian rupee opens weak at 58.25 per dollar
The Indian rupee opened lower by 39 paise at 58.25 per dollar versus 57.86 yesterday. "The rupee is likely to open weak on better US data. The range for the rupee is seen between 57.80-58.20/USD, " says Arvind Narayanan, DBS Bank.
June 18, 2013 / 10:43 IST
The Indian rupee opened lower by 39 paise at 58.25 per dollar versus 57.86 yesterday.
Arvind Narayanan, DBS Bank said, "The rupee is likely to open weak on better US data. FII flows in both equity and debt markets have been edgy and weak in the last few trading sessions. Investors will watch out for the FOMC announcement before taking large positions. The range for the rupee is seen between 57.80-58.20/USD."The euro stayed above 1.33 to the dollar. The dollar index was sub 81 mark. However, the yen slipped slightly against the dollar.
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