Sunday 2 August 2015

Rupee strong; opens higher by 12 paise 64.01 per dollar -- 3 Aug 2015

The Indian rupee recovered in the early trade on Monday. It opened higher by 12 paise at 64.01 per dollar versus 64.13 Friday.
                       
The Indian rupee recovered in the early trade on Monday. It opened higher by 12 paise at 64.01 per dollar versus 64.13 Friday. The US data released on Friday was weaker than expected. We expect a range of 63.90-64.20/dollar. The demand from local government banks should emerge in the 63.90-63.95/dollar zone whereas we should continue to see exporters sell USD on upticks towards 64.20/dollar."





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