Pramit Brahmbhatt, Veracity expects the rupee to trade range bound to slightly weak. "The range for the day is seen between 60.20-61/USD," he adds.
The Indian rupee has opened at 60.44 a dollar on Friday, down by 9 paise compared to previous day's closing value of 60.35 a dollar.
Pramit Brahmbhatt, Veracity says investors are likely to trade cautiously today post the profit booking in the equity market yesterday. "The series of US data expected today will help investors gauge the market," he adds.
He expects the rupee to trade range bound to slightly weak. "The range for the day is seen between 60.20-61/USD," he adds.
Meanwhile, the euro skid below 1.30 to the dollar suffering its biggest one-day fall in nearly three years after the European Central Bank delivered a fresh round of stimulus and promised even more if needed.
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