| Date: |
03-06-2014 |
| Subject: |
Indian rupee opens flat at 59.16 per dollar |
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The Indian rupee has opened flat at 59.16 per dollar on Tuesday as against previous day's closing value of 59.15 a dollar.
The dollar hovers at its highest in over three months against a basket of major currencies with the euro still in the doldrums.
According to Ashutosh Raina of HDFC Bank, the general market consensus for the credit policy is a status quo considering the high CPI inflation."
"The aggressive intervention by RBI in the currency market has neutralised the impact of huge capital flows resulting in the rupee moving above 59/dollar level and settling there, with the fresh range moving to 58.50-59.50/dollar," he added.
Source : moneycontrol.com
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