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    HomeNewsBusinessMarketsIndian rupee opens higher at 61.10 per dollar

    Indian rupee opens higher at 61.10 per dollar

    Likely thaw in US debt ceiling stand-off is rupee positive. Additionally, latest RBI moves which have allowed banks to raise equivalent to 100% of Tier 1 capital from Institutional investors upto November 30 continue to help sentiment, says Ashok Gautam, Axis Bank.

    October 11, 2013 / 09:24 IST

    The Indian rupee opened higher by 29 paise at 61.10 per dollar versus 61.39 Thursday.


    Ashok Gautam, Axis Bank said, "Likely thaw in US debt ceiling stand-off is rupee positive. Additionally, latest RBI moves which have allowed banks to raise equivalent to 100% of Tier 1 capital from Institutional investors upto November 30 continue to help sentiment. The range for the day is seen between 60.50 - 61.30/USD."


    Also Read - Indian, IFC officials welcome rupee denominated bond

    The dollar rose to a two-week high against a basket of major currencies.

    first published: Oct 11, 2013 09:08 am

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