Arvind Narayanan of DBS Bank feels the rupee will likely to open weak today. Bernanke may give further assurance of reduction in bond buying program, which in turn will raise interest rates and hurt the rupee, he adds.
"US yields are expected to rise, which will make the rupee weak. June WPI is seen around 5.3 percent," According to him, the range for the rupee is seen between 59.70-59.60/USD.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!
