"The rupee is likely to strengthen marginally on the announcements made by the Finance Minister," says Arvind Narayanan, DBS Bank.
Mumbai: The rupee opened lower at 61.37 per dollar versus 61.27 on Tuesday.
Arvind Narayanan, DBS Bank said, "The rupee is likely to strengthen marginally on the announcements made by the Finance Minister. While these measures will help the rupee in the short-term, long-term issues will exert pressure on the rupee. The range for the day is seen between 60.80-61.20/USD."
The euro slipped to sub 1.33 levels to the dollar. The dollar index was at 81.50. The dollar yen stays around 96 levels.
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