| Date: |
24-09-2014 |
| Subject: |
Indian rupee opens lower at 61.03 per dollar |
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The Indian rupee opened with a marginal loss at 61.03 per dollar versus 60.94 Tuesday.
The dollar held close to a four-year peak against a basket of major currencies, underpinned by safe-haven buying. The dollar dipped against the yen, a traditional safe-haven buy.
Himanshu Arora of Religare said, "USD-INR is expected to trade slightly higher today amid weakness in domestic equities and as banks cover their dollar positions."
"RBI monetary policy review on September 30 is expected to offer more cues. Range for the USD-INR is seen between 60.78-61.20/dollar," he added.
Source : moneycontrol.com
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