| Date: |
29-04-2014 |
| Subject: |
Indian rupee opens higher at 60.59 per dollar |
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The Indian rupee opened with marginal gains of 5 paise at 60.59 per dollar on Tuesday as against previous day's closing value of 60.64 a dollar.
Ashutosh Raina of HDFC Bank said that, “The escalating tension in Ukraine has had some bearish impact on the developed as well as emerging markets. Indian markets, though, have outperformed peers.”
“The consistent but slightly reduced FII flows have resulted in currency as well as equity market gains. The expected positive election results are keeping sentiment positive. The range for rupee for the day is seen between 60- 61/dollar,” he added.
The euro traded at multi-week highs against the yen early and held firm against the dollar following a surprisingly strong performance overnight as expectations for additional stimulus from the European Central Bank waned.
Source : moneycontrol.com
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