| Date: |
19-05-2014 |
| Subject: |
Indian rupee opens higher at 58.55/USD, up 24 paise |
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The Indian rupee has touched fresh 11-month high in early trade on Monday. It opened at 58.55 a dollar - the highest level since June 18, 2013 - up 24 paise compared to Friday's closing value of 58.79 a dollar.
Agam Gupta, Standard Chartered says nationalised banks are likely to buy below 58.50 per dollar while exporter led selling should come in at 58.75 per dollar level.
According to him, the range for the day is seen at 58.25-58.75 per dollar.
Source : moneycontrol.com
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