| Date: |
12-05-2014 |
| Subject: |
Indian rupee opens at 59.98 per dollar |
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The Indian rupee opened higher by 6 paise at 59.98 per dollar versus 60.04 Friday.
The euro started the week on a steadier footing after two straight sessions of steep losses, but should stay under pressure amid the persistent threat of policy action from the European Central Bank.
Agam Gupta of Standard Chartered said that, "Expect rupee in a range of 59.90-60.20/dollar ahead of the exit polls today. Nationalised banks will continue to buy dollars and exporters will sell on upticks."
Source : moneycontrol.com
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