| Date: |
04-12-2014 |
| Subject: |
Indian rupee opens flat at 61.93 per dollar |
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The Indian rupee opened on flat note at 61.93 in the early trade on Thursday. It has closed at 61.91 Wednesday.
The euro fell to two-year lows on expectations the European Central Bank will be forced to inject even more stimulus to a sputtering euro zone economy.
Mohan Shenoi of Kotak Mahindra Bank said, "Dollar is continuing its rally against major global currencies. RBI appears to be active on both sides of the USD-INR market thereby keeping the currency subdued and rangebound. USD-INR is expected to trade today in a range of 61.70-62 per dollar."
Source : moneycontrol.com
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