Rupee slips further; opens at 65.25 per dollar -- 14 Aug 2015

Selling pressure on equity market will fuel further weakness in rupee, says Pramit Brahmbhatt of Veracity.

                       

The Indian rupee slipped further on Friday. It has opened lower by 15 paise at 65.25 per dollar versus 65.10 Thursday.The rupee is expected to remain under pressure following Yuan devaluation and daily fall. Selling pressure on equity market will fuel further weakness in rupee. During the day we expect the rupee to trade in a range of 64.80-65.40/dollar."

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