The Indian rupee opened weak by 21 paise at 59.62 per dollar against 59.41 Monday. According to Jayesh Mehta, Bank of America, the rupee is expected to trade on a weaker note on RBI's hawkish comments
The Indian rupee opened weak by 21 paise at 59.62 per dollar against 59.41 Monday.
Jayesh Mehta, Bank of America said, "The rupee is expected to trade on a weaker note on RBI's hawkish comments. Key policy rates are likely to be unchanged in today's policy. The range for the day is seen between 59.40-59.70/USD."
The euro stays above 1.32 to the dollar. The dollar index was around 81.70 levels and the dollar yen was at 98 mark
Source:-www.moneycontrol.com
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