Rupee likely to open weak: Arvind Narayanan

The range for the rupee is seen between 57.80-58.20/USD. The rupee is likely to open weak on better US data, says Arvind Narayanan, DBS Bank.

June 18, 2013 / 09:03 IST

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."

first published: Jun 18, 2013 09:03 am

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