The dollar index gains to 80.7 levels, while the euro is a tad subdued and the yen faces pressure in early trade ahead of the outcome of a Bank of Japan meeting at which policymakers were expected to maintain their commitment to ultra-easy monetary policy.
Also Read - Interest rates on hold; future hikes likely: CRISIL
Himanshu Arora, Religare said that, "Rupee expected to lose versus dollar in short-term as US Fed's decision to commence tapering of bond buying program is expected to hammer the rupee."
"Month-end dollar buying by oil companies will also keep the rupee under further pressure. Range for rupee seen between 61.94 -62.55/dollar," he added.
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Indian rupee opens at 62.39 per dollar; slips 27 paise
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Indian rupee opens at 62.39 per dollar; slips 27 paise
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Indian rupee opens at 62.39 per dollar; slips 27 paise
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