| Date: |
20-01-2015 |
| Subject: |
Indian rupee opens lower at 61.82 per dollar |
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The Indian rupee opened lower by 11 paise at 61.82 per dollar on Tuesday against previous day's closing value of 61.71 a dollar.
Ashutosh Raina of HDFC Bank said, "The earlier than expected rate cut by Reserve Bank of India (RBI) last week has spurred the Indian markets; with currency, equity and bond markets rallying. The USD / INR currency pair is back in 61-62 range with appreciating bias."
The euro struggles around 11-year lows as investors braced for a crucial meeting later in the week which could see the European Central Bank take its boldest steps to revive the euro zone's economy.
Source : moneycontrol.com
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