The Indian rupee opened lower by 9 paise at 62.12 per dollar on Tuesday versus previous day's closing value of 62.03 a dollar. The dollar index climb past 80.063, pulling away from a two-month trough of 79.688 seen on Friday.
The yen holds onto chunky gains early this morning, having been squeezed higher as skittish investor’s dumped riskier assets amid tensions over Russian milit
ry intervention in Ukraine.
Ashutosh Raina of HDFC Bank said, "Political tension in Ukraine and subsequent intervention by Russia has sent global markets into a tizzy.
The global risk off sentiment has resulted in flight to safety." "Indian markets have also reacted negatively to these global concerns. I expect rupee to continue trading in 61.50-62.50/USD range," he added.
The Indian rupee 62.03 dollars compared to the previous day's closing price on Tuesday, 62.12 per dollar at 9 cents at low levels. See 79.688 for a couple months away on Friday stretching from the trough of $ 80.063 past index climbing. Tensions in Ukraine Russian military intervention the yen amid volatile investors dumped riskier assets has been squeezed as high, chunky gains this morning. HDFC Bank shutosh Raina "Ukraine in political tensions and Russia later sent global markets into a panic to intervene. Sentiment in global risk off flight to safety. "said," Indian markets also reacted negatively to these global concerns. I traded in USD/realm 62.50 61.50 â-rupee is expected to continue, "he said.
