The Indian rupee has opened at 61.15 a dollar on Wednesday, up 16 paise compared to previous day's closing value of 61.31 per dollar on hopes of strong trade in equity market.
The Indian rupee has opened at 61.15 a dollar on Wednesday, up 16 paise compared to previous day's closing value of 61.31 per dollar on hopes of strong trade in equity market.
Pramit Brahmbhatt, Veracity says, "Indian markets are expected to trade strong, though we may see some profit booking at higher levels."
He expects the rupee to gain as indices in Asian markets have already started the day on a strong note. "The USD-INR pair is expected to trade in the range of 60.80-61.80 a dollar," he adds.
Meanwhile, the euro fell against the dollar on reports that the European Central Bank was looking at buying corporate bonds as soon as December in its efforts to revive the stagnating euro zone economy.
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