| Date: |
05-12-2013 |
| Subject: |
Indian rupee opens at 61.74 per dollar, gains 28 paise |
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Indian rupee gained in early trade against the dollar on Thursday. The rupee rose 28 paise to 61.74 per dollar as against previous day's closing of 62.05.
The yen holds off a five-year trough on the euro and a six-month low versus the dollar early this morning following a whippy session overnight that lacked conviction as key event risks including US jobs data loomed. The dollar index holds 80.6 levels.
Himanshu Arora of Religare feels the rupee may trade higher today on expectations of strong job numbers from the US this Friday.
"Also surging foreign inflows in the country along with weak dollar index movement may cap dollar's upside against the rupee," he adds.
According to Arora, the range for the day is seen between 61.70 - 62.27/dollar.
Source : moneycontrol.com
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