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Home International Markets

Indian rupee falls 13 paisa per dollar at start

byCustoms Today Report
24/04/2015
in International Markets
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MUMBAI: The Indian rupee opened with marginal loss of 13 paise at 62.95 per dollar on Thursday versus 62.82 Wednesday. The dollar edges upward after a 6.1 percent jump in US home sales data lifted expectations Federal Reserve policymakers may soon hike interest rates. Mohan Shenoi of Kotak Mahindra Bank said, “Globally, dollar continues to be trading in a range against major currencies with mixed US data offset by Grexit worries. Locally, weak stock market and RBIs view that the currency is overvalued is keeping the rupee under pressure. Rupee is expected to trade in a range of 62.85-63.20/dollar today.”

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