| Date: |
22-05-2014 |
| Subject: |
Indian rupee opens higher at 58.60/USD, up 17 paise |
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Indian rupee has opened higher at 58.60 per dollar on Thursday, up 17 paise compared to previous day's closing value of 58.77 a dollar.
Mohan Shenoi, Kotak Mahindra Bank says USD-INR has settled into a tight range. The market now awaits government formation, budget, etc. for further moves, he adds.
He expects the rupee to trade in a range of 58.60-58.90/USD today.
Source : moneycontrol.com
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