| Date: |
07-10-2014 |
| Subject: |
Indian rupee opens at 61.41 per dollar, rises 20 paise |
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The Indian rupee opened higher by 20 paise on Tuesday at 61.41 per dollar against 61.61 a dollar on last Wednesday.
There is a flat trade for the dollar after rising to a four-year high of 86.746 on Friday.
Ashutosh Raina of HDFC Bank said, "The recent US non-farm payrolls number fuelled the speculation that US Federal Reserve may hike interest rates sooner than expected which sent the dollar index to near-term highs."
"The USD-INR pair continues to trade in the 61-62 range, tracking the choppy and volatile global markets," he added.
Source : moneycontrol.com
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