Date: |
17-09-2014 |
Subject: |
Indian rupee opens higher at 60.97 per dollar |
The Indian rupee opened higher by 8 paise at 60.97 per dollar on Wednesday versus previous day's closing of 61.05 a dollar.
US dollar nursed modest losses ahead of the fed decision. According to traders, sellers emerged after the Wall Street Journal's Fed watcher said the US Central Bank may keep the words "considerable time" in its policy statement.
Pramit Brahmbhatt of Veracity said, "Global equities traded positively overnight and overcame the negativity which forced them to trade lower. Today, local indices are expected to trade strong as Asian markets have already opened in the green."
"Rupee is also expected to appreciate with the support of strong local equities. Range for the rupee seen between 60.60-61.40/dollar," he added.
Source : moneycontrol.com
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