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Home International Markets

Indian rupee slips 62per dollar down 31 paisa in early trade

byCustoms Today Report
10/02/2015
in International Markets
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MUMBAI: The Indian rupee slipped 62 per dollar in early trade on Monday, down 31 paisa compared to Friday’s closing value of 61.69 a dollar. Agam Gupta, Standard Chartered said, “The US Jobs data release on Friday was very strong which has led to a bout of Dollar strength against all currencies. We expect the USD-INR to trade in the range of Rs 61.80-62.20/USD.” “Local govt-owned banks will continue to buy dollars on any dips till Rs 61.80-61.85/USD. We expect selling to emerge from exporters on any upticks towards Rs 62.15-62.20/USD,” he adds.

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