Dollar/Rupee opens down on Thursday - IIFL

Dollar/rupee opened down Thursday reflecting the greenback's weakness against other major currencies on Federal Reserve's Chairman Ben Bernanke assurance that stimulus measures will not be withdrawn in the near future

Dollar/rupee opened at Rs 59.32/$1 compared to previous close of Rs 59.66/$1.

Dollar/rupee fluctuated in early afternoon trades on buying by foreign banks amid lack of fresh supplies.

Dollar/rupee also opened down on the SEBI move to curb speculative trading by doubling margins and cutting down open positions.

Source : Equity Bulls

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