Indian rupee fell marginally to 61.49 per dollar in early trade Monday as against Friday's closing of 61.43 per dollar. According to Agam Gupta of Standard Chartered, while the US government shutdown will continue to weigh on sentiment, SEBI's decision to ease and rationalise the rules around FIIs will act as a positive cue for the currency markets.
"The range for the day is seen betwen 61.25-61.75/USD," Gupta says. The dollar continues to trade above 80 levels after it rose for the first time in six sessions on Friday but was still within striking distance of a recent eight-month low as the US Government closure and fears about a debt default kept investors cautious. The euro slips to 1.35/dollar and the yen trades at 97/dollar.
Source:- moneycontrol.com
No comments:
Post a Comment