IBN:Rupee ends at 62.50 versus US dollar, down 27 paise
Mumbai: The rupee on Monday ended lower by 27 paise at 62.50 vs US dollar against its close on Friday of 62.23 against dollar. The rupee on Monday opened lower by 31 paise at 62.54 per dollar. Agam Gupta, Standard Chartered said, "Rupee will probably open between 62.60-62.70/USD. We saw nationalised banks sell dollars on Friday after the RBI repo rate hike and we need to see whether they follow it up with more sales. The range for the day is seen between 62.35-62.85/USD."
The euro-dollar trades at 1.35 levels and the yen trades at 99/USD levels.
