The rupee On Monday opened higher by 41 paise at 60.47 per dollar as against Thursday's closing price of 60.88.
Mumbai: The rupee On Monday opened higher by 41 paise at 60.47 per dollar as against Thursday's closing price of 60.88.
Rajeev Malik, CLSA said, "RBI has announced issuance of short-term paper to mop up liquidity in order to stabilise the rupee. The rupee will have a marginal positive reaction, but other asset classes such as bonds and equities will likely be weaker. We retain our 2014-end forecast of 65/USD for the rupee."
The euro holds above 1.33 to the dollar. The dollar index was around 81.10 levels, while the dollar yen was around 96.
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