| Date: |
03-11-2014 |
| Subject: |
Indian rupee opens at 61.50 per dollar; down 14 paise |
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The Indian rupee opened lower by 14 paise on Monday at 61.50 per dollar versus 61.36 Friday.
The yen fell to a fresh seven-year low against the dollar, extending a massive selloff sparked by the Bank Of Japan's surprise decision to boost its already huge bond-buying stimulus.
Agam Gupta of Standard Chartered said, "Nationalised bank demand will kick in at Rs 61.35/dollar and expect exporters to sell on spikes to Rs 61.60/dollar. US dollar supply will also continue from capital inflows as overseas investors remain bullish on India."
Source : moneycontrol.com
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