Rupee opens weak at 61.25 versus dollar

Mumbai: The rupee continued it downtrend on Wednesday as it opened weak by 48 paise at 61.25 per dollar against 60.77 on Tuesday.

Pramit Brahmbhatt, Alpari India said, "A weak equity market and high dollar demand from domestic importers will put pressure on the rupee. However, a weaker dollar and the announcement of a new RBI governor could generate positive momentum. The range for the day is seen between 60.40-61.57/USD."

The euro rose to 1.33 to the dollar. The dollar index slipped below 82 mark. The dollar-yen was sub 98 levels.