| Date: |
31-07-2014 |
| Subject: |
Indian rupee opens lower at 60.24/dollar, down 18 paise |
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The Indian rupee has opened lower at 60.24 a dollar on Thursday, down 18 paise compared to previous day's closing value of 60.06 per dollar.
Mohan Shenoi, Kotak Mahindra Bank said FOMC policy decision was in-line with market expectation. "US Q2 GDP was stronger than expectation leading to dollar strength against major currencies," he added.
According to him, month-end dollar demand from importers in the local market is neutralised by dollar sales by custodial banks. He expects the rupee to trade in a range of 59.90-60.20/USD today.
Source : moneycontrol.com
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