| Date: |
15-07-2014 |
| Subject: |
Indian rupee opens lower at 60.13 per dollar |
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The Indian rupee opened lower by 6 paise at 60.13 per dollar on Tuesday as against previous day's closing value of 60.07 a dollar.
The dollar remains steady as investors await Federal Reserve Chair Janet Yellen's congressional testimony tonight for signals to when US interest rates might head higher. Meanwhile, the Bank Of Japan, is expected to maintain its stimulus program at its meet today.
Ashutosh Raina of HDFC Bank says, "The recent good IIP number has been followed by a better than expected inflation number both WPI and CPI inflation. This should act as a trigger to return of positive sentiment."
He expects USD / INR pair to continue trading in 59.50-60.50/dollar range for now.
Source : moneycontrol.com
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