MUMBAI: The Indian rupee opened lower on Thursday, tracking weaker euro and on expected dollar demand from domestic oil refiners.
At 9 a.m. (0330 GMT), the rupee was at 49.07 to the dollar from Wednesday's close of 49.0050/0150.
A government share sale in Oil and Natural Gas Corp on Thursday, aiming to raise at least $2.5 billion, is expected to attract foreign funds and should support the rupee.
Comments
Comments are closed.