| Date: |
18-06-2014 |
| Subject: |
Indian rupee opens at 60.29 per dollar, slips 26 paise |
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The Indian rupee slipped further in early trade on Wednesday. It has opened lower by 26 paise at 60.29 per dollar against previous day's closing value of 60.03.
The dollar index rose to 80.6 after the US CPI reading for May came in above market expectations and ahead of the FOMC decision tonight.
Pramit Brahmbhatt of Veracity feels the rupee is expected to gain as some of the indices in Asian markets have already started the day on a strong note. "Range for the day is seen between 59.70-60.50/dollar," he adds.
Source : moneycontrol.com
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