| Date: |
10-09-2014 |
| Subject: |
Indian rupee opens at 60.77 per dollar; down 17 paise |
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The Indian rupee opened lower by 17 paise at 60.77 per dollar versus 60.60 Tuesday.
It was broad rally in the US dollar. The greenback hit a fresh six-year high versus the yen. However, some stability in euro and sterling eased the dollar gains marginally. The dollar index is just holding above the 84 mark.
Himanshu Arora, Currency Analyst at Religare said, "USD-INR pair is expected to trade higher today amid consistent strength in dollar against a basket of currencies and on profit taking in domestic equity markets.”
He further added, “Dollar demand from importers and lack of clear signs on tensions in Ukraine may also cap the rupee in today's session. USD-INR is expected to trade in the range of 60.38-60.95/dollar."
Source : moneycontrol.com
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