| Date: |
09-02-2015 |
| Subject: |
Indian rupee breaches 62/dollar, down 31 paise |
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The Indian rupee has breached 62 per dollar mark in early trade on Monday, down 31 paise compared to Friday's closing value of 61.69 a dollar.
Agam Gupta, Standard Chartered said, "The US Jobs data release on Friday was very strong which has led to a bout of Dollar strength against all currencies. We expect the USD-INR to trade in the range of Rs 61.80-62.20/USD."
"Local govt-owned banks will continue to buy dollars on any dips till Rs 61.80-61.85/USD. We expect selling to emerge from exporters on any upticks towards Rs 62.15-62.20/USD," he adds.
Source : moneycontrol.com
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