| Date: |
28-04-2015 |
| Subject: |
Indian rupee opens at 63.35 per dollar; gains 13 paise |
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The Indian rupee has opened with marginal gains on Tuesday, up 13 paise at 63.35 per dollar against previous day's closing value of 63.48 a dollar.
Ashutosh Raina of HDFC Bank said, "The USD-INR currency pair appears to have entered a bearish phase after the trade deficit numbers and weak equity markets, supported by weak technicals. The trend may continue and the pair hitting near-term lows cannot be ruled out. The crucial FOMC meeting starts tonight, and outcome will be keenly awaited. We expect the pair to trade in a range of 63-63.9/dollar today."
The euro hovered around a three-year peak having pushed higher overnight as the dollar came under pressure and on renewed hopes that cash-strapped Greece was a step closer to securing fresh funding.
Source : moneycontrol.com
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