Indian rupee opened higher by 21 paise at 62.65 per dollar on Monday as against Friday's closing of 62.86 per dollar.
Agam Gupta of Standard Chartered says globally, equities were positive and the Iran nuclear accord will add to positive sentiment. According to him, the range for the day is seen between 62.40-62.80/USD.
"Exporters are likely to sell dollars near the upper end of the range," he adds
The yen starts the week at four-year lows versus the euro and a four-month trough on the dollar, still very much the funding currency of choice in a trend that is likely to continue in this US hliday-shortened week.
Source:- moneycontrol.com
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