Rupee declines 28 paise in opening trade at 61.47 vs dollar

Mumbai: The Indian rupee fell 28 paise in early trade to 61.47 per dollar as against previous day's closing of 61.19 per dollar.

Pramit Brahmbhatt of Alpari feels that a stronger dollar and high dollar demand from importers at these levels will exert pressure on the rupee.

"With no clear and strong measures from the government to boost fund inflow and fuel growth, the rupee could weaken further. However, strong equities could provide some support," he adds.

According to Brahmbhatt, the range for the day is seen between 60.70-61.75/USD while Agam Gupta, MD, head of FXRC, South Asia, Standar