| Date: |
18-03-2015 |
| Subject: |
Indian rupee opens flat at 62.68 per dollar |
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The Indian rupee has opened flat at 62.68 per dollar on Wednesday against previous day's closing value of 62.70 a dollar.
The dollar slips for a second straight day against major currencies, pressured yet again by unexpectedly weak US economic data as the Federal Reserve started a two-day policy meeting. The euro is back above 1.06 to the dollar.
Himanshu Arora of Religare said, "The USD-INR pair is expected to trade slightly weak in today's session following strength in other Asian currencies and as weaker than expected data in the US reinforced views the Fed may not be in a hurry to hike interest rates anytime soon. The range for USD-INR pair is seen between 62.50-62.90/dollar."
Source : moneycontrol.com
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