The Indian rupee has opened lower at 63.61 per dollar, down 10 paise compared to 63.51 a dollar in previous session.
The Indian rupee has opened lower at 63.61 per dollar, down 10 paise compared to 63.51 a dollar in previous session. Ashutosh Raina, HDFC Bank said the dovish comments in the FOMC statement have helped improve market sentiment with the likelihood of a Fed rate hike getting pushed to the later part of this year. Some positive developments in the Greek talks has further helped the risk on sentiment, he added. According to him, the spill over of the risk on sentiment has helped Indian equity and currency markets with the USD/Rupee pair slipping back into the Rs 63- 64/USD range. He expects the pair to trade in the Rs 63.30-63.80/USD range. The euro edged lower against the US dollar, but remained higher against the yen and Swiss franc as a new cash-for-reforms offer from Greece raised hopes a tangible deal is taking shape that will help Athens avoid a default on its debts.
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The Indian rupee has opened lower at 63.61 per dollar, down 10 paise compared to 63.51 a dollar in previous session. Ashutosh Raina, HDFC Bank said the dovish comments in the FOMC statement have helped improve market sentiment with the likelihood of a Fed rate hike getting pushed to the later part of this year. Some positive developments in the Greek talks has further helped the risk on sentiment, he added. According to him, the spill over of the risk on sentiment has helped Indian equity and currency markets with the USD/Rupee pair slipping back into the Rs 63- 64/USD range. He expects the pair to trade in the Rs 63.30-63.80/USD range. The euro edged lower against the US dollar, but remained higher against the yen and Swiss franc as a new cash-for-reforms offer from Greece raised hopes a tangible deal is taking shape that will help Athens avoid a default on its debts.
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