Rupee opens at 64.30 per dollar, gains 25 paise
Posted on: 09:33 AM IST Aug 23, 2013
Mumbai: The rupee recovered further on Friday, opening 25 paise higher at 64.30 per dollar as against previous close of $ 64.55.
The currency had touched a record low of 65.56 per dollar Thursday, but later on, it had managed to recover from that level to close at 64.55.
Himanshu Arora of Religare feels the slide in rupee may pause on the back of recent steps by the government to curb the downfall in domestic currency and indications by the US Fed that they are not in a hurry to withdraw its stimulus programme.
According to him, the range for the rupee is seen between 64 to 65.15/USD.