| Date: |
03-04-2014 |
| Subject: |
Indian rupee opens flat at 59.94 per dollar |
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Indian rupee opened flat at 59.94 per dollar on Thursday as against previous day's closing of 59.90 a dollar.
Mohan Shenoi of Kotak Mahindra Bank said, "Dollar buying by importers has prevented further appreciation of rupee. Dollar-rupee is expected to consolidate at current levels and trade in a range of 59.60-60.10."
Meanwhile, the euro nurses modest losses, having come under pressure as the market turned cautious on expectations the European Central Bank may sound dovish following its policy review later in the day.
The fall in the euro helped the dollar index edge up to 80.229, although it remained in a slim range ahead of Friday's US jobs data. Yen is at a 2 month low of 103.94 versus dollar.
Source : moneycontrol.com
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