Indian Rupee slips 18 paise against US dollar in early trade

Mumbai, India (BBN)-The Indian rupee slipped in the early trade on Monday. It has opened lower by 18 paise at 63.62 per dollar against Friday’s closing value of 63.44 a dollar.
The euro fell around 1 percent amid fears of a Grexit – dollar index at around the 96 levels, reports the Moneycontrol.
Agam Gupta of Standard Chartered said, “The Greece ‘No’ vote will keep the risk appetite low for some time and market players will look to cut down risk positions. The USD-INR is expected to trade in a range of 63.50-63.80/dollar today.”
BBN/SK/AD

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