| Date: |
06-08-2014 |
| Subject: |
Indian rupee opens lower at 61.03 per dollar |
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The Indian rupee opened marginally lower by 9 paise at 61.03 per dollar on Wednesday against 60.84 Tuesday.
Dollar holding near an 11-month high against a basket of major currencies having got a second wind after upbeat US data bolstered expectations of solid economic growth in the third quarter.
Pramit Brahmbhatt of Veracity said, "Rupee is expected to depreciate today, as overnight US equities traded weak taking cues from growing tensions in Ukraine."
"Negative sentiments in the markets will also force local equities to open weak. Rupee is expected to trade in a range of 60.50-61.50/dollar," he added.
Source : moneycontrol.com
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