Indian rupee has opened lower by 19 paise at 60.35 a dollar on Friday as against previous day's closing value of 60.16 a dollar.
Indian rupee has opened at 60.35 a dollar on Friday, down 19 paise compared to previous day's closing value of 60.16 a dollar.
Pramit Brahmbhatt, Alpari India says overnight US Index futures traded positively and dollar gained against major currencies ahead of the payroll data.
According to him, Indian local equity is expected to open weak after some profit booking was seen yesterday, which hurt rupee as well.
He expects the rupee to extend its weakness today and trade within the 59.70-60.70/USD levels.
Meanwhile, the euro traded at one-month lows against the dollar, having suffered a bit of a setback after the European Central Bank notched up its dovish rhetoric following a widely expected decision to leave interest rates unchanged.
The dollar also extends gains versus the yen, popping above 104 for the first time since January 23.
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