| Date: |
06-06-2014 |
| Subject: |
Indian rupee opens at 59.14 per dollar; gains 19 paise |
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The Indian rupee opened higher by 19 paise at 59.14 per dollar on Friday versus previous day's closing value of 59.33 a dollar.
Pramit Brahmbhatt of Veracity said that, "The stimulus from ECB to the banks has spread positive sentiment globally. Taking cues from this, we expect local equities to trade strong resulting in appreciation of Rupee."
"The profit booking will keep market under pressure. Expect the rupee to trade in a range of 59-60/dollar," he added.
The euro steady after falling to a four-month low against the dollar as the European Central Bank cut interest rates, as expected, and said it would announce further policy easing measures to tackle the threat of disinflation.
Source : moneycontrol.com
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