| Date: |
09-12-2013 |
| Subject: |
Indian rupee opens at 60.83 per dollar; rises 59 paise |
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The Indian rupee opened with a gap up of 59 paise at 60.83 per dollar on Monday against 61.42 on Friday.
The euro raced to a near six-week high against the dollar as investors ploughed back into the common currency after an unexpectedly upbeat US jobs report failed to impress dollar bulls. The dollar index subdued closer to 80 levels.
Agam Gupta, Standard Chartered said, "Dollar rupee should open lower between 61.10-61.20/USD as the impact of the elections results play out. Expect importer demand to come in at 61/USD. The range for the day is seen between 60.9-61.4/USD."
Source : moneycontrol.com
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