Currency Check | Rupee opens marginally higher at 94.89/$; Asian currencies decline
Asian currencies traded mostly lower against the US dollar, with the South Korean Won leading losses, declining 0.35%, followed by the Malaysian Ringgit, which fell 0.16%. The Japanese Yen weakened 0.13%, while the Indonesian Rupiah and Singapore Dollar slipped 0.06% and 0.07%, respectively.
The Indian rupee opened marginally higher by 6 paise at 94.89 against the US dollar on November 2, compared with its previous close of 94.95. According to Finrex, rupee looks to open flat today with oil prices down by USD 2 to USD 111.35 on progress in talks between US and Iran. Dollar Index was unchanged at 101.88. Exporters to keep selling the upticks while importers to buy the dips this morning as we keep a watch on FPI inflows as also RBI which may absorb these inflows but will ensure that dollar rupee does not fall much, it added.
