Rupee opens at 53.80 per dollar
DATE: 17/09/2012
The Indian rupee opened at 53.80 per dollar versus 54.30 on Friday.
"A break below 53.80/USD could lead to unwinding of long positions, which could take the rupee lower. However, some importer demand could emerge at lower levels. While a rate cut in today's RBI policy looks unlikely, if it does happen, the rupee may strengthen further. The rupee is likely to trade in a range of 53.80-54.40/USD."
+POWERED BY: MONEY CONTROL NEWS
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