| Date: |
07-08-2014 |
| Subject: |
Indian rupee opens at 61.37 per dollar; up 12 paise |
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The Indian rupee opened higher by 12 paise at 61.37 per dollar on Thursday versus 61.49 Wednesday.
Euro nursed broad losses after a batch of disappointing data from Italy and Germany soured sentiment for the currency ahead of a policy review by the European Central Bank.
Mohan Shenoi of Kotak Mahindra Bank said, "Global risk-off scenario arising out of geopolitical developments in Russia combined with strong US ISM data has resulted in global dollar rally and has caused rupee weakness."
"The risk-off scenario however is not likely to be an enduring one. The rupee is expected to trade in a range of 61.20-61.60/dollar today," he added.
Source : moneycontrol.com
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