| Date: |
05-12-2014 |
| Subject: |
Indian rupee opens at 61.83 per dollar; gains 10 paise |
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The Indian rupee rose in the early trade on Friday. It has opened higher by 10 paise at 61.83 per dollar against the previous close of 61.93.
The euro trades higher against most of its peers after ECB Chief Draghi disappoints. But the currency could struggle to extend gains if US employment data due later in the day re-energize dollar bulls.
Himanshu Arora of Religare said, "Rupee is expected to trade slightly higher today amid surging Indian equities and consistent inflows into the economy. The Rs 14,000 crore bond auction today will support rupee. Range for the day is seen between 61.77-62.08/dollar."
Source : moneycontrol.com
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