| Date: |
30-04-2015 |
| Subject: |
Indian rupee opens at 63.51 per dollar; slips 21 paise |
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The Indian rupee shed in the early trade on Thursday. It has opened lower by 21 paise at 63.51 per dollar versus 63.30 Wednesday.
The dollar fell more than 1 percent against major currencies yesterday. The euro strengthened, climbing above 1.11 mark for the first time since March 5.
Mohan Shenoi of Kotak Mahindra Bank said, "Dollar weakened against majors on weaker than expected US GDP data. However, FOMC statement blamed slowdown on transitory factor of harsh winter which led to modest dollar recovery."
"Weak stock market in India will keep rupee under pressure. The rupee is expected to trade in a range of 63.15-63.50/dollar today," he added.
Source : moneycontrol.com
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