| Date: |
11-11-2013 |
| Subject: |
India rupee breaches 63 mark; trade at 63.11/ USD |
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The Indian rupee beached 63 per dollar mark today for the first time since September 30. It is trading at 63.11 per dollar.
In the opening trade rupee slipped against the dollar. It has opened lower by 42 paise at 62.99 per dollar compared to Friday's close of 62.47.
The US dollar holds near two-month highs having staged a broad rally after the upbeat US jobs data and the euro dollar holds near 1.33.
Ashok Gautam, Axis Bank said, "Earlier than expected close of the RBI swap window could impact on dollar-rupee movement in medium term."
"If currency markets sense oil related dollar outflows, rupee could come under medium term pressure. The range for the day is seen between 62.2-62.8/USD," he added.
Source : moneycontrol.com
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