Indian rupee opened weak by 36 paise at 60.84 per dollar against 60.48 Tuesday. "With no new measures forthcoming from the central regulators and with policies that are hurting economic growth, the rupee has again revived its downward trend after consolidating for a couple of trading sessions, says Pramit Brahmbhatt, Alpari India.
On Wednesday the Indian rupee continues its downtrend as it opened weak by 36 paise at 60.84 per dollar against 60.48 Tuesday.
Pramit Brahmbhatt, Alpari India said, "With no new measures forthcoming from the central regulators and with policies that are hurting economic growth, the rupee has again revived its downward trend after consolidating for a couple of trading sessions. Moreover, month-end dollar demand will put more pressure on the rupee. The range for the day is seen between 60.10-60.90/USD."
The euro steady above 1.32 to the dollar. The dollar index was around 81.80 levels. The dollar yen was at 98.
Source:-www.moneycontrol.com
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