| Date: |
19-10-2015 |
| Subject: |
Rupee opens higher at 64.77 per dollar |
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The Indian rupee opened with a marginal gains of 4 paise at 64.77 per dollar on Monday versus 64.81 Friday.
Agam Gupta of Standard Chartered said, "We expect a range of 64.65-64.95/dollar for the day. Upticks will attract selling interest from exporters as they hedge their future receivables."
"On the lower side it is most likely that we see dollar buying interest come in from local government banks on account of their regular demand," he added.
Dollar gained as traders reckoned the Federal Reserve might raise interest rates later this year and the European Central Bank may provide more stimulus to help the euro zone economy.
Source : moneycontrol.com
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