Moneycontrol Be a Pro
Get App
Last Updated : Jun 04, 2015 09:13 AM IST | Source: Moneycontrol.com

Indian rupee opens lower at 64.09/dollar; slips 19 paise

Expect the rupee to trade in a range of 63.80-64.25/dollar today, says Mohan Shenoi of Kotak Mahindra Bank.


The Indian rupee slipped in early trade on Thursday. It has opened lower by 19 paise at 64.09 per dollar against 63.90 Wednesday.


Mohan Shenoi of Kotak Mahindra Bank said, "Weak equity and bond markets in India are resulting in dollar buying by custodial banks resulting in pressure on rupee. However, Reserve Bank of India (RBI) action is tempering the rupee weakness. Expect the rupee to trade in a range of 63.80-64.25/dollar today."

Dollar traded flat against euro after the Federal Reserve said US economic growth remained tepid.

Close


Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Jun 4, 2015 09:02 am
Loading...
Sections
Follow us on
Available On