Monday, 12 October 2015

Rupee opens at 64.82 per dollar; down 8 paise By MarketMagnify

The Indian rupee has opened lower by 8 paise at 64.82 per dollar on Monday against Friday's close of 64.74. Agam Gupta of Standard Chartered said, "There will be some inflows during the course of the day as the limit increase for FII investors into central government and state government bonds is effective from today. We expect a range of 64.60-64.95/dollar for the day." "Dips will see local government banks come in and buy USD. FII inflows and exporter hedging will be a source of fresh dollar supply on any upticks," he added.

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