| Date: |
22-04-2014 |
| Subject: |
Indian rupee opens lower at 60.69 per dollar |
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The Indian rupee opened with a marginal loss of 10 paise at 60.69 per dollar on Tuesday as against previous day's closing value of 60.59 a dollra.
The dollar held at two-week highs against a basket of major currencies after a subdued session overnight. The yen trades near a two week low of 102.71.
Ashutosh Raina of HDFC Bank says the dollar-rupee market has been consolidating in a very narrow range ahead of the outcome of elections, and holiday shortened week. "Lower FII inflows, good oil and usual demand from other sectors resulted in the pair coming off from its recent highs. The situation in Ukraine can have some bearish impact," he adds.
According to him, the range for rupee is seen between 60-61/dollar.
Source : moneycontrol.com
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