Monday, July 13, 2015

Indian rupee opens higher at 63.32 per dollar

11:04 AM

Indian rupee , opens higher at 63.32 per dollar The  Indian  rupee  profits further  in  early  trade  Friday.  The  currency  has opened   marginally   upper   by   7   paise   at   63.32/   dollar   against yesterday's  close  of  63.39  a  dollar.      Pramit Brahmbhatt  of Veracity  said, "Concerns  raised  over  the  Greece  debt  issue  will  continue  to  hover  over the market. We see the rupee range between 63.20-64/dollar today."The  rupee  continued  its  gaining  streak  and  opened  higher  against  the dollar and was up 7 paise at 63.32 at the Interbank Foreign Exchange on fresh buying of the greenbank by exporters. Yesterday,  the  rupee  had  jumped  by  21  paise  to  close  at  63.39 --its highest closing in more than two months.
.                                                                                   The  euro  rose  across  the  board  on  Friday,  jumping  2  percent  against  the yen, on optimism that Greece was making progress in its efforts to secure funding and stay in the single currency.The yen and Swiss franc, currencies which tend to do well during turmoil in financial markets, both lost ground as demand for riskier assets picked after Chinese shares rebounded.The euro climbed 2 percent against the yen to a one-week high of 136.77 and added 1 percent against the dollar to trade at $1.1185 as Athens sent a proposal for reforms to its creditors.


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