| Date: |
08-01-2014 |
| Subject: |
Rupee opens marginally higher at 62.2 per dollar |
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Mumbai: The Indian rupee on Wednesday opened higher at 62.2 a dollar against its Tuesday’s close of 62.3.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 80.89, up 0.08% from the previous close of 80.83.
The yield on India’s 10-year benchmark bond was trading at 8.793%, compared with its Tuesday’s close of 8.79%.
At 9.07am, the domestic currency was trading at 62.21 per dollar, up 0.15% from its previous close. India’s equity benchmark BSE Sensex was trading at 20,767.42 points, up 0.36%.
Traders will be looking ahead at the inflation data next week for a clearer direction.
Industrial production data for the month of November, which will be released on Friday, will also be watched.
Source : livemint.com
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